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I understand how the "value argument" influences the initial price of a good, but once it is out in the market demand should be taken into account. If a product
by adavis321 8y ago
I understand how the "value argument" influences the initial price of a good, but once it is out in the market demand should be taken into account. If a product's supply is (practically) infinite and its demand is low, then the price should be low. Anything else smacks of poor business decision making or price fixing.