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You're assuming that different people have identical preferences. They don't. Some are more price-sensitive, while others are more interested in quality, which
by marcoperaza 11y ago
You're assuming that different people have identical preferences. They don't. Some are more price-sensitive, while others are more interested in quality, which can itself be broken down into any number of specific factors about competing services. This is totally rational behavior, in the economic sense of the word.