Not true. A pirate may well be a someone who would have bought the product retail if piracy wasn't available, but chose to pirate it instead because it's cheape

Not true. A pirate may well be a someone who would have bought the product retail if piracy wasn't available, but chose to pirate it instead because it's cheaper. Even for those who would not have bought the product retail, but would have bought it at a lower price, that may be a market inefficiency, but it's also unavoidable. It's not currently possible to tell how much each customer would pay for a product and price it accordingly for each of them.