4 ms·

Thank goodness I have economists around to tell me I'm wrong about my own buying preferences.

• FeepingCreature 6y ago
  The economists are wrong about economics too. That article is an absurdly oversimplified model. In the real world, the networks would find some way to diversify between the $3 and $10 channel offerings, letting them get $3 from the $3 person and $10 from the $10 person. edit: Correction, they do mention this common and widespread approach... in a footnote. Without saying anything about why it wouldn't work.