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This response was initially confusing to me, but thinking about it, I think it led me to realize that complaints about things like this are, essentially, an att
by drdeca 5y ago
This response was initially confusing to me, but thinking about it, I think it led me to realize that complaints about things like this are, essentially, an attempt at coordination among consumers, in order to collectively get a better deal.
If there were only a single consumer, a monopsony, they would have a large degree of influence on the price.
Building a public consensus on what prices are reasonable and what prices are "too high" allows for exerting similar pressures on the price, as if there were an organization which represented a large portion of the consumers and which would make a single decision for all of that portion (like, a purchasing union thing).
I hadn't realized this.