Oh you see, you could have asked that way up there. And I’d tell you that you’re operating from a flawed premise. Economics actually talks quite a lot about monopoly power and rent seeking.
No you asked why hadn’t they raised prices before. And I was nice enough to let the flawed premise pass, (they have raised them before, they’d be out of business if they hadn’t) and give you the layman’s answer to your layman’s question.
Now you want to say it meant something else, something the English you wrote doesn’t support.
No you asked why hadn’t they raised prices before.
Sorry, you’ve misunderstood the question. Obviously there have been price increases in the past.
If a company, on this present date, raises the price of a widget they sell to $X.XX, I’m asking you why it wasn’t already at that price. Why had they waited?
Oh, perfect recall then? In that case you know exactly where in your line of 5 year old style questioning that slavery was mentioned.
Socratic questioning goes back a lot longer than 5 years, stupid
That is not the Socratic method. Questioning how the CEO of a corporation has control over pricing is just trolling.
No, I’m asking you to explain why you think prices are arbitrary in contravention of essential economics.
Oh you see, you could have asked that way up there. And I’d tell you that you’re operating from a flawed premise. Economics actually talks quite a lot about monopoly power and rent seeking.
I did.
Do you? This is the first you’ve mentioned either. What’s the “monopoly” in the situation we’re discussing?
No you asked why hadn’t they raised prices before. And I was nice enough to let the flawed premise pass, (they have raised them before, they’d be out of business if they hadn’t) and give you the layman’s answer to your layman’s question.
Now you want to say it meant something else, something the English you wrote doesn’t support.
No.
Sorry, you’ve misunderstood the question. Obviously there have been price increases in the past.
If a company, on this present date, raises the price of a widget they sell to $X.XX, I’m asking you why it wasn’t already at that price. Why had they waited?
No. You’ve had two shots at this question and both answers will do here.