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Zohran Mamdani hints he will continue taking on delivery apps like Uber Eats and DoorDash (www.businessinsider.com)
submitted 3 months ago by to c/technology@lemmy.world
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[–] -5 points 3 months ago (7 children)

they'll charge whatever's most profitable but if two self driving transportation companies are in competition with each other and they both want to dominate the market, one might set their prices lower than the other to steal the market share. the only way that wouldn't happen is with two monopolies agreeing to not undercut each other, which happens. but in general when a company has lower operational costs their goods will cost less too.

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  • [–] 9 points 3 months ago (2 children)

    Or they all operate at a loss to undercut the others creating a battle of capital, those that run out first go out of business or are acquired by the remainder who then jack up the prices because you no longer have a choice.

    See taxi companies vs Uber and Lyft.

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  • [–] 5 points 3 months ago (3 children)

    but if two self driving transportation companies are in competition with each other and they both want to dominate the market, one might set their prices lower than the other to steal the market share.

    https://en.wikipedia.org/wiki/Surveillance_pricing

    Lol. Lmao even

    You'll pay more and think you're getting a deal until you see what your neighbor is paying.

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  • [–] -3 points 3 months ago (2 children)

    i mean they're gonna charge whatever makes them the most profit regardless

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  • [–] 4 points 3 months ago* (1 child)

    But I thought we were going to get lower prices? /s

    At least you understand your original point was bullshit.

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  • [–] 1 point 3 months ago

    well both can be true at once. a business that hires at $40 per employee with 10 employees is going to have to charge more than a business that hires $20 per employee with 10 employees, but regardless both are gonna to charge whatever is going to maximize their profits

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