But all businesses within an industry have to put up prices when...

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    But all businesses within an industry have to put up prices when their common cost base increases. Innovation and productivity only go so far in increasing market share.
    For example, potatoes used to cost 10c/kg. Now their bargain basement price is $1/kg. No amount of innovation and productivity will allow even the shrewdest operator to stay in business by selling at 10c/kg.
 
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