Tuesday, July 24, 2018

if you run a natural gas company, you're not going to look at the situation and say "gee, my product costs less than my competitor. hooray!".

rather, you're going to look at the situation and say "my competitor charges a higher price than i do, so i have the ability to increase my prices, until they are roughly comparable to my competitor. that is an opportunity for profit that i must take advantage of."