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If people were willing to pay the higher cost for the same feature set, why would they well them for cheaper? Why not pocket the extra profit? I don't like thi
by mfer 5y ago
If people were willing to pay the higher cost for the same feature set, why would they well them for cheaper? Why not pocket the extra profit?
I don't like this line of thinking but I'm sure it's going to or already is happening.
- clairity 5y agocompetition, a bedrock element of fair markets, capitalism, and efficient economic allocation, something we seem to have collectively lost sight of.
- admax88q 5y ago... Because the whole nature of market competition? People will still choose the cheaper option if its available.
- ianai 5y agoI’m starting to think it may just be minimizing cost. Theoretically that just means “maximize profit”, but I suspect in practice it means a whole slew of bad behavior and design choices. I.e. Pay for the part that’s .0001 cent cheaper than another option, despite the cheaper part possibly being a fire hazard.