Competition in Theory vs Practice

Competition in theory I produce higher quality goods than you for the same price Then I have no choice but to increase the quality of my goods Competition in practice See these identical cartons of milk? These used to be 1 litre, but now there is 0.9 litre for the same price Then I'm going to dilute my milk with water

Two GigaChad figures discuss how competition should lead to better-quality goods at the same price. In practice, two companies use identical milk cartons, shrink the quantity from one litre to 0.9 litre without lowering the price, and one responds by diluting the milk with water. The joke mocks corporate cost-cutting and shrinkflation disguised as competition. EN: Two GigaChad figures discuss how competition should lead to better-quality goods at the same price. In practice, two companies use identical milk cartons, shrink the quantity from one litre to 0.9 litre without lowering the price, and one responds by diluting the milk with water. The joke mocks corporate cost-cutting and shrinkflation disguised as competition.

• @rzeczyzabawne / 11849 2023-09-04