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This is only true of products with substitutes. The extreme example being commodities. Pretty much any luxury brand has high product margins, but certainly not
by CamelCaseName 6y ago
This is only true of products with substitutes. The extreme example being commodities.
Pretty much any luxury brand has high product margins, but certainly not for lack of competition.
- Jommi 6y agoExactly, and luxury brands are characterized by their electivity. While and appstore has formed to become something close to a virtual public good.