• 🌞 Alexander Daychilde 🌞
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    1 day ago

    Scalping. What is preventing people from buying out the store in bulk and reselling outside the store for a profit.

    Others can just go to the store.

    30% of what?

    One assumes these stores are not trying to generate profit. Logic implies that the prices are being compared to other stores.

    Your other questions don’t interest me enough to look further, but I’m sure someone will.

    • apftwb
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      23 hours ago

      Others can just go to the store

      Other people going to the store doesn’t stop scalpers from clearing the shelves. If they restock overnight, scalpers can and do wait for stores to open just so they can clear them out.

      Logic implies that the prices are being compared to other stores.

      Imagine this scenario. Private grocery store (PGS) sells bread for $5 a loaf. Municipal grocery store (MGS) sells bread for $3.50. PGS decides to cut their profits margins (citation needed) and sell at a competitive $3.50. MSG sells bread at $2.75 (after all this is 70% of 3.50). This repeats until the PGS goes out of business and the operating cost of MSG is much higher than expected.

      • Pyr@lemmy.ca
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        22 hours ago

        Stores are often easily able to put a limit per transaction. I don’t think a scalper is going to go through the till 500 times to clear the store of its 1000 jugs of milk limited to 2 per person.

        • Bane_Killgrind@lemmy.dbzer0.com
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          22 hours ago

          I don’t think anybody is going to buy wholesale quantities of bootleg food at only slightly better cost than normal. If this one store runs out, there’s all the competitors that still have normal priced whatever it is.

          Like this is like an elementary school math problem, this wont make a difference to the store if somebody buys 40 pies.