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Originally Posted by Futuremogul888 (Post 1270295)

I'm gonna tell you a story, not because I want to teach you a lesson but because I hope you will figure it out for yourself. A lesson that should be obvious to any businessman with an IQ above 80. Here is goes:

When I was growing up there was a pizza place that sold everything on their menus at crazy low prices. It was like $4 for a extra large plain. This was the 90s, but if you aren't old enough to remember, that was a very good price. They managed to be very profitable too. Every item was a little above cost and they did a ton of volume. Most pizza places nearby could not compete and went out of business.

One day the last remaining competitors decided to bite the bullet and try their strategy. Before long all of the pizza places were losing money including the one that started this idea. There was not enough volume to go around. Before long, they were all out of business.