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"Competitive pricing over the Thanksgiving holiday period caused more margin pressure than we would have expected".
Prices that end in 9 below 99 cents -- as in 59, 69, 79 cents -- can indicate a special offer from the manufacturer and competitive pricing over other discount retailers, said Jim Wang, founder of WalletHacks.com.com
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Also in March, the operators of the state's power grid told the Federal Energy Regulatory Commission that wholesale electricity prices in California were more than $6 billion above competitive prices over the previous 10 months.
It is found that: (i) the efficiency of both institutions is quite high, regardless of the disclosure or closure of contracted price and/or marginal abatement cost curve information; (ii) marginal abatement costs are equalized over time in both institutions; (iii) contracted prices roughly converge to the competitive price over time in a double auction, but not quite so in bilateral trading.
Investors were rattled by Majestic saying that it expected the "competitive pricing environment" seen over the festive period to continue "throughout much of 2015".
While there's a possibility that the removal of enough price obstacles could bring coal back into the range of competitive pricing with other power sources over the short term, Muro says, companies that have to invest in power are looking beyond a four-year (or even eight-year) horizon.
Some of these solutions are mutually exclusive, and the need to deliver our products at a competitive price means that over-solving one can shortchange another.
Ultimately, consumers may be won over not by the Passat's styling or even its competitive pricing, but by its drive.
Lower prices, lower emissions, greater diversification, more competitive pricing.
But they do little to encourage competitive pricing themselves.
"It's a competitive industry targeted at bettors who now want competitive pricing," he said.
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