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It is not Facebook's right to decide how much VR should cost. That's what a free market is for. They do believe in the free market, right? Right??
by philipov 9y ago
It is not Facebook's right to decide how much VR should cost. That's what a free market is for. They do believe in the free market, right? Right??
- logicallee 9y agoOrdinarily technical companies are well-differentiated which means they are not commodities that you can interchange precisely - unlike rice or wheat. So while it is not sensible to state "(biggest wheat importer) can't decide how much wheat should cost" since their options are probably within a very narrow limit where asking for just 15% more would cause their sales to drop to 0 and asking for 15% less would let them capture 50%+ of the market - but at a loss for them - the same is rarely true in the technical industry, which has high margins and high differentiation. So for these reasons, Facebook's pricing choices are complicated and the free market does not clearly prescribe their pricing strategy in the way you suggest.