Quote:
Originally Posted by GloucesterChief
So it is not that Guitar Center provided a service or product that people wanted to buy and found at least similar enough to their smaller competition that people didn't mind?
They suddenly got all this money out of the ether right?
Please, if people didn't like Guitar Center no matter how many stores they put out of business they wouldn't be making money.
You may not personally like the results of the free market but that doesn't mean it isn't working.
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Their purchasing power afforded them discounts on the same exact instruments that the Mom & Pop competitors sold, which allowed them to undercut their competitors until they were forced to close their doors.
Once their competitors were gone, they raised their prices.
Customers lose.