Leeds Bradford airport rip off

vicmorrow

arcon5 wrote: »

....Infact some people whine having to pay more than 15p for a tin...

Well, in fact they don't. Feel free to show where infact they do?

somethingcorporate

...And in your example Tesco sells nothing and goes out of business and the customer goes over the road to Sainburys and buys them at a price that both the customer and the company are happy with.

It's called market forces. You'd probably understood it if you gave it some thought.

In instances where there is little choice in who sells it you will find that prices for things actually get increasingly high due to low (or controlled) supply (diamonds, premium cars etc) but for things that are pretty much commodities like food and there are multiple suppliers if companies effectively price themselves out of the competition they don't sell enough to cover all their costs go bust.

Hothead

dfh2012 wrote: »

It is quite ridiculous , a scenario where private companies are allowed to charge whatever they want.

Checkout at Tesco

Tin of baked beans- 100000
Load of bread - 100000
Pint of milk - 100000
Jar of coffee - 100000
Using our car park - 100000

That will be half a million please

Shopper- don't be ridiculous.

Tesco - ah, but we are a private company see. We can charge whatever we want !

Exactly! They don't do it because they legally cannot.

It's called market forces. You'd probably understood it if you gave it some thought.

And you MIGHT understand the market and law if YOU gave it some thought. You don't think ALL supermarkets and ALL shops would charge high prices if they were allowed?

Jakg

Hothead wrote: »

And you MIGHT understand the market and law if YOU gave it some thought. You don't think ALL supermarkets and ALL shops would charge high prices if they were allowed?

If every shop sold a tin of beans for £100,000, then one shop would spring up selling them for £500,00 and make a killing. Then another shop would come in at £400,000 etcetcetc.

If theirs a law, post it.

If not, be quiet.

somethingcorporate

Again, why not show some of these laws that prevent them from charging what they want?

So just to clarify, you are saying the only reason prices are not higher is because legally companies are not allowed to charge more for their products??

If all companies charged a high price, one company would charge a marginally lower price and corner the market, in the short term making super-profits. In the medium to long term all companies would come down to this price point to compete making it just the area normal profits are made. It's very simple economics but I think that simple adding is likely beyond your comprehension, let alone first year uni economics.

Ebay is a great example - competition tends to drive prices down rather than increases prices since people would rather sell and make some profit than sit there with high prices, stock they cannot shift and not make any profit at all.

Hothead

Jakg wrote: »

If theirs a law, post it.

Learn some English first please.

somethingcorporate

Hothead wrote: »

Learn some English first please.

Learn some logic, please.

Stop dodging the question and provide these laws you keep bleating on about supporting your argument.

They don't exist, ergo your argument is defunct.

shaun_from_Africa

Did you know that there is a law in the that states anyone with the MSE user ID of Hothead is not allowed to use a computer unless supervised by a responsible adult.

Don't believe me?, then do as you suggested and:

Hothead wrote: »

OK, you provide evidence that I am wrong.

Unless you can show proof that this law doesn't exist, I must be correct and you are not legally entitled to use a computer whilst unsupervised.

arcon5

vicmorrow wrote: »

Well, in fact they don't. Feel free to show where infact they do?

I've heard people moan about minute increases in price in supermarkets on a number of occasions. That is my experience that some people are infact that petty, so how can you possibly say this is not true when this is my experience?

System

dfh2012 wrote: »

If all the big supermarkets got together and decided that they would charge 100000 for a tin of beans because they can, we would be in a whole heap of trouble !

I believe there are laws which stop companies ganging up together to set prices of items? I'm sure a couple of the big supermarkets got done on this a couple of years ago?