Re: Competitor getting annoyed! Quote:
Originally Posted by rsot And what if his stock is plenty and he can refill? Meh - this idea has been done before but still more money to your competitor... | Lol, College Degrees are worthless for the most part. But I studied economics. If you consider Game Theory it is the "prisoner's dilemma".
You all can look it up yourselves. Essentially those who agree to compromise have a Cartel lets call them "OPEC". Those who don't one moves first and each acts in their own behavior to compete try to drive each other out of the market. It may work it may not.
Hard to compare on an eBay scale but usually the one, like eBay member contacting the poster is ready to fold. Thus leaving market control up for grabs to the remaining competitors. You only contact someone like that if you are weak. True monopolists like Rockefeller would incur the losses to sell at a loss to eradicate a competitor.
Obviously you have to know your market. Know what you can price at and the quality at which you can sell. If you can drive someone else who can not compete on such basis then you are doing everyone a favor.
Last edited by vogeltron; 09-11-2013 at 05:43 AM.
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