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What happens if a business attempts to charge prices higher than its competitors (“exploiting”)?

April 26, 2017Business charge competitors exploiting happens prices

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What happens if a business attempts to charge prices higher than its competitors (“exploiting”)?

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If any business attempts to charge prices higher than the market will bear, he will lose all his business to his competition, since he cannot force his competition out of business. The businessman’s power is dollars — not guns.