The breaking point, though, is the point when consumers will look to alternatives, e.g. a different store. As long as there are other options available, competition does usually do a decent job of keeping prices down.
Look collusion is a thing, but it’s illegal. Grocery stores, even the big chains in the US anyways are pretty cutthroat, they aren’t making huge profits they’re fighting to survive vs Amazon and the like. Anyways my point is that the claim that costs don’t affect prices (and therefore losses from theft don’t affect prices) is just silly.
The breaking point, though, is the point when consumers will look to alternatives, e.g. a different store. As long as there are other options available, competition does usually do a decent job of keeping prices down.
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Look collusion is a thing, but it’s illegal. Grocery stores, even the big chains in the US anyways are pretty cutthroat, they aren’t making huge profits they’re fighting to survive vs Amazon and the like. Anyways my point is that the claim that costs don’t affect prices (and therefore losses from theft don’t affect prices) is just silly.