HIST 289R Lecture Notes - Lecture 23: Egyptian Protest Law, Free Trade, Predatory Pricing
19 Apr 2018
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Category killer - describes a service, brand, or company that has such a distinct, sustainable competitive advantage that competing firms find it nearly impossible to operate. Predatory pricing - intentionally selling a product at low cost in order to drive competitors out of the market. Willing to accept losses in the first year to draw out local businesses and to attract customers. Pushback to new walmarts coming into communities. Walmarts close stores and leave communities devastated. Monopsony- market situation in which there is only one buyer (or only one buyer who matters) Refers to a dominant buyer with the power to push prices down. Forces suppliers into self defeating practices and makes them go overseas. Walmart v. dukes - says that walmart discriminates against women in treatment, hiring, and payment. Scalia kicked it out because women are too broad to be considered a class. Women are 77% of hourly workers but only 33% of management.
