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No, you can have at least one customer even it is overpriced (e. g. if Apple sold the iPhone X for $10,000, it's very like that still at least one person buys i
by jhasse 9y ago
No, you can have at least one customer even it is overpriced (e. g. if Apple sold the iPhone X for $10,000, it's very like that still at least one person buys it, it definitely would be overpriced though).
It's overpriced if you could make more revenue by lowering the price.
- reactor4 9y ago> and profitability numbers
- jhasse 9y agoI was referring to the "Not if they are selling products at te price offered. If they were OVER priced, they would sell zero. If a good is above the price people are willing to pay, they will sell zero. Clearly, that is not the case. An economic nitpick to be sure but factual." part, not arguing about Apple's case.