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The reason the 30% exists isn’t collusion, it’s what both thought they needed to charge to make money on 99 cent purchases given how high transaction costs wer
by valuearb 6y ago
The reason the 30% exists isn’t collusion, it’s what both thought they needed to charge to make money on 99 cent purchases given how high transaction costs were.
Even today, it’s likely they don’t make much on those 99 cent purchases, last I looked transaction costs were probably over 10%.