4 ms·
People who buy something labeled as made in the US, because they think it's the right thing to do, are by definition not price sensitive at least to a point. $
by perl4ever 5y ago
People who buy something labeled as made in the US, because they think it's the right thing to do, are by definition not price sensitive at least to a point.
$50 has nothing to do with the cost, it's an entirely made up amount that is the estimated maximum increase the market will bear. It's the price of the conscience of the consumer who feels they should buy American.
Remember, nobody is trying to make a "fair" profit, they're trying to make as much as possible.