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If only consumers wore a badge stating "what they are willing to pay" then it would be so much simpler! It is not a magic number, it is all the work of the com
by headsoup 7y ago
If only consumers wore a badge stating "what they are willing to pay" then it would be so much simpler!
It is not a magic number, it is all the work of the company creating the desire, brand and product to create demand for the price they want to charge.
- orev 7y agoI don’t see how that’s relevant to the post or my reply. I did not mention anything about how you find the price, only that the common complaint about Apple being overpriced isn’t really valid based on standard market theory.
- headsoup 7y agoI'm probably missing something, but other than retrospectively observing that people are paying a price, how does market theory comes up with the price without the 'how?'