Re: MD a query about Lila

From: khaled Alkotob (khaledsa@juno.com)
Date: Mon Oct 03 2005 - 00:46:35 BST

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    Platt
    > Your hypothetical is faulty. If the competitor makes a better
    > product, it will be difficult for you to drive him out of business by
    lowering
    > the price on your inferior product. If your competitor's product is
    > inferior to yours, his higher price will soon put him out of business.
    If
    > both products are the same in quality and you drive the competitor out
    of
    > business followed by your own bankruptcy, then a new producer will
    > arise if there is enough consumer demand, or the product will die a
    > natural death. In any event, the government should not interfere.

    Hi Platt, there are a few things we agree on after all.

    The last scenario has 2 possibility, if I go backrupt after driving him
    out then a new comer will come and take over. Great.
    The Golden question is, what if I have deep enough pockets that every
    time a new competitor shows up with an equal product, I lower my prices
    so they go out of business and I keep a monopoly.

    1. I do not beleive in government interference here. OK?
    2. Where does "fair" come into play? Where do you see a free market
    equaling that scenario out.

    Khaled

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