Quote:
Originally Posted by DiapDealer
You're saying that Rockefeller got rich by selling a product at a price that no-one could afford to buy?  Just teasing, actually, but you get my drift; if no-one can afford it... no profits can be realized. Especially luxury-type items.
I was hoping for some examples under the current anti-trust laws—since that's what Amazon would be bound by. |
He got rich by forcing the competition out of business by undercutting them and then, when he'd achieved a monopoly, massively raising prices. People had no alternative but to buy from him. There was no other source of fuel.