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I argue that "ripping off" is based on the value that a consumer receives relative to the price of the product or service. Imagine you say: "I will tell you a
by hayksaakian 11y ago
I argue that "ripping off" is based on the value that a consumer receives relative to the price of the product or service.
Imagine you say: "I will tell you a joke, if you laugh then you must pay me 100 dollars"
If I give you 100 dollars, and you just run off with it, I got ripped off.
If I give you 100 dollars, and you tell me a really funny joke, then I was not ripped off.
Your problem seems to be that telling jokes is virtually free, and the profit margin might be 94%.
- siquick 11y agoYep I get it but it seems like an incredibly naive and almost arrogant message to relay... "Hey customers, buy our product for $16 even though it actually cost $1 to make"