2 ms·
Yes, but I think there are some corollaries. First, sometimes marketing beats all the other concerns. And second, sometimes business deals beat marketing.
by imglorp 5y ago
Yes, but I think there are some corollaries. First, sometimes marketing beats all the other concerns. And second, sometimes business deals beat marketing.
- e4e78a06 5y agoThat's just because capitalism as taught in college micro/macro classes assumes a perfect market with no differentiation and lowest price always wins. But in reality it costs money to disseminate information (marketing) and deals are not struck in a perfect market. And differentiation is not only common but desired by sellers. I'd also add that government tends to magnify these distortions since it gates access to a lot of demand behind a bidding process that's heavily politicized and reliant on lobbying. So the market as thought of in economics doesn't really exist anymore.