Look at the wal-mart strategy if you want an example. While there's competition, prices are low (sometimes even running at a loss). Once the competition goes out of business and you have a local monopoly? Crank those prices, extract as much profit as you can from your now-captive market.
Do you have a few examples of Wal-mart changing a product's price from low to gouging?
I don't go to Wal-mart a whole lot, but do drop in for this and that and I don't think I've ever seen anything that was notably over-priced.
I agree, I don't think I've ever seen Walmart do this.
But what I have heard about is them putting the screws on suppliers. In a world where they have less of a monopoly a supplier could say, "Screw you... we're not going to move our manufacturing to China to save twenty five cents per doodad", but now suppliers largely do what Walmart says to do.
Do you have a few examples of Wal-mart changing a product's price from low to gouging?
I don't go to Wal-mart a whole lot, but do drop in for this and that and I don't think I've ever seen anything that was notably over-priced.