So many companies cut their workforce as much as 10-15% citing that those jobs can be fully automated by the use of AI but I am still waiting to see any meaningful price cuts of their products from the said companies, etc.
Otherwise this will mean that they are doing this just to increase their profit margins and please their shareholders and don’t care about their customers or workforce.
Your assuming the sellers are not cooperating with each other.
Sure, at first it could be like that, but as time goes on, those 10 people would either form a group, merge into a few or just one, or even just at one point suggest to each other to keep a certain price.
My point is, there is no guarantee that the sellers would play by the “ideal rules” when they just have one goal.
I mean it’s technically illegal, but then so are a lot of things.
Another thing that they could do that I just realized is following bad examples.
Once there are established players and one of them is big enough, it would just do a anti consumer practice for the sake of better profits, once competition notices sales didn’t drop significantly, competitors follow suite.
A great real world example is the headphone jack, replaceable phone batteries and the screen notch.