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tnsprin

join:2003-07-23
Bradenton, FL
kudos:1
reply to prisaz

Re: Verizon Cable Rate 62.5% Increases in Montgomery County, MD.

Mostly has to do with the fact that after basic, the next offering is Verizon prime. Hard to compare to other companies expanded basic.



bohratom
Jersey Shore is back again.

join:2011-07-07
Red Bank NJ

said by tnsprin:

Hard to compare to other companies expanded basic.

I think the main point is that in 2007 Verizon Prime was $39.99 and just 4 years later in 2011 it went to $64.99 which was a 62.5% increase. That is pretty outrageous in such a short timespan.

batsona
Maryland

join:2004-04-17
Ellicott City, MD
Reviews:
·Verizon FiOS
·Vonage

Congress was about to investigate the gasoline companies for price-gouging when the price of gas stopped following the price of oil. If the cost of raw materials / inputs did not increase 62%, but your price increased by 62%, that seems worthy of a federal investigation. Does that seem like a company is minimizing value, and maximizing profits?

In Econ class, we learn about 'collusion' where companies tacitly agree not to compete (gee, it's funny how all the prices of the major carriers [for the same services] are all nearly identical. This maximizes profit across the industry, until the first corporation acts out of greed, and decides to price-compete, which would suck profit away from other companies.



aaronwt
Premium
join:2004-11-07
Woodbridge, VA
reply to bohratom

said by bohratom:

said by tnsprin:

Hard to compare to other companies expanded basic.

I think the main point is that in 2007 Verizon Prime was $39.99 and just 4 years later in 2011 it went to $64.99 which was a 62.5% increase. That is pretty outrageous in such a short timespan.

If the initial price was a loss leader, that is not an outrageous price increase.