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More on the negative consequences of monopolistic pricing
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" that no customer should have an advantage over any other, not for size, not for efficiency, not for volume, and often, not even for geographic location. " <br /> <br />favoring one shipper over another expressly to harm one while helping another is a basic violation of fair business conduct, however, discriminatory pricing based on openly disclosed considerations of volume seems to be a reasonable seller/buyer response. why did / does it meet such opposition? what was / is the regulatory theory behind opposing discriminating on volume basis? <br /> <br />" Our general embrace of free enterprise capitalism argues that the most efficient should reap the rewards of higher profits. Starting at a point not later than Henry Ford's development of the assembly line, big has been the generally accepted way to go.' <br />source: jeaton <br />you are quite right in mentioning "not later than henry ford..." <br />before civil war textiles worked on volume effeciencies. in fact prior to the rail roads textiles were the big business. rail followed the expand to succeed theory next , then steel under carniege, who was raised under the cost accounting tutelege of tom scott (prr). ford had came much later and even adam smith mentioned assembly line theories one hundred years earlier. <br />for those of us who occasionally dream of a more pastoral past, we should try to imagine just how much productive good has come from the inborn drive to succeed which is evidenced by the startling rise of "big business" in the last 175 years. i for one would not want to spend much more than one winter afternoon in michigan circa 1830. <br />
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