> No. Physical goods are actually scarce. Making copies costs lots of money and finite resources. Making copies of data is as easy as copy paste. Not nearly as

> No. Physical goods are actually scarce. Making copies costs lots of money and finite resources. Making copies of data is as easy as copy paste. Not nearly as scarce as the price of an iPhone would suggest. Physical goods have counterfeiting problems as well, for basically the same reason: the marginal cost of a copy is significantly less than the actual cost of development. > I thought electronics factories cost billions of dollars to set up and operate. And? Setting up a movie studio probably costs hundreds of millions. Why is it different?