Very interesting thought. The competition should reduce prices with resultant fall out
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Very interesting thought. The competition should reduce prices with resultant fall out
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When technology enters and something gets commoditized, it is hard for companies to hold their margins. The ones that attempt this, which are usually the incumbents, tend to lose market share. If they are quick, they can adapt and lower margins while retaining their position. Most are too slow and only realize after it is too late that someone else took the share of their business away.
Either way, it helps the consumer.
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