4 ms·
The market adjusts. People pay for "quality" in an environment of information asymmetry - cheap stuff will be polished and given a high price tag. Products can
by Chris2048 6y ago
The market adjusts. People pay for "quality" in an environment of information asymmetry - cheap stuff will be polished and given a high price tag. Products can do a better imitation of quality than people can discern it.
Even the value of "brand" is diminishing: decent corps are bought and gutted all the time.