3 ms·

Cost sets a floor on the sell price, nothing more.

• bko 5y ago
  I gave a clear explanation of pretty mainstream economics that no economists would disagree with. But okay.
• dlp211 5y ago
  Even this isn't true. Lots of products can and are sold at a loss for various reasons. Some examples: Various video game consoles, grocery store loss leaders, Black Friday doorbuster deals, inventory liquidation.