I don’t think so because the price of goods fall to their marginal cost of production. If you raise prices too much, competitors can come in and steal away part of your business. The fact that no one else can come in and offer a similar and cheaper product says a lot.
Discussion
You are talking theory. I am talking reality.
It's just facts dude. Facts don't care about the textbooks.
The textbooks will also tell you a producer is incentivised to make products that last.....Yet here we are..... Fridges that last a few years....
That’s not what textbooks say. When money printing is part of reality, businesses are incentivized to hide the inflation through various means like shrinkflation. That’s when they make the product smaller but keep the price the same. Consumers typically wont notice the change. Another thing that can happen is businesses will reduce the quality of the good. This is what we see across the board in the US. Foods have fake and cheap ingredients now. This wasn’t always the case. A tub of ice cream used to cost $3 with real ingredients. They don’t use real milk when they make ice cream anymore and the tub of ice cream costs more than $3. The brands that use real milk to make ice cream cost nearly $10 for small container of ice cream now. It’s not because of greed. The quality of clothing is also much worse. Appliances don’t last as long as they used to. You can still get the stuff that does last but they are a lot more expensive. These are the consequences of money printing. You can still get a fridge that lasts 10+ years but you probably can’t afford it.
So Netflix has a platform that is rammed with crap, with one or two titles, and the others have the same model, but with different titles, and that is because of the inflation in milk?
Is that the story?
I promise you dude, they all know most people do not switch, and they know how you think as a consumer better than you do yourself.
They also know if they don't really compete, but rather share the space, then there is room for them all.
There is a 100yr old lightbulb out there still running, ( but nobody can make them now apparently ) and my nan used to have a freezer that lasted from before I was born, until she downsized and got rid of it - get this - for a freezer that lasted about 4 yrs 😂