LogFAQs > #964049506

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, Database 10 ( 02.17.2022-12-01-2022 ), DB11, DB12, Clear

Topic List	Page List: 1
Topic	Food is lower quality than it used to be.
LordoftheMorons 04/05/22 4:29:30 PM #11:	swordz9 posted... Some of that is just pure price gouging greed Im sure. That's not really the right way to think about things like this/inflation (this is effectively another form of inflation). It's not that companies aren't being greedy, it's that they're always being greedy; they don't just decide to be greedier one day. They're already selling stuff at roughly the price they think is going to maximize revenue. As their costs increase, though, they need to either increase their prices or cut their costs to keep maxing revenue, though. --- Congrats to azuarc, GotD2 Guru champ! <cite>LordoftheMorons posted [p:964049506] in Food is lo... [t:79973558]...</cite> <quote>swordz9 posted... </cite> <quote>Some of that is just pure price gouging greed Im sure.</quote>That's not really the right way to think about things like this/inflation (this is effectively another form of inflation). It's not that companies aren't being greedy, it's that they're always being greedy; they don't just decide to be greedier one day. They're already selling stuff at roughly the price they think is going to maximize revenue. As their costs increase, though, they need to either increase their prices or cut their costs to keep maxing revenue, though. --- Congrats to azuarc, GotD2 Guru champ!</quote> ... Copied to Clipboard!
Topic List	Page List: 1