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At the margin there are people who don't eat the cheese today because it is too expensive for them. Those people are the ones who benefit from slightly cheaper
by david-gpu 2y ago
At the margin there are people who don't eat the cheese today because it is too expensive for them. Those people are the ones who benefit from slightly cheaper cheese.
On the other side you have those wealthy enough to enjoy as much as the want out of it at its current price. Those would be the losers if quality were to deteriorate.
- awesome_dude 2y agoHmm, quality only deteriorates in the "premium" section if those wealthy enough to buy that version demand that it cheapens itself - by no longer buying the premium version Edit: I can point to cases of that happening Ferrari, who couldn't turn a profit so sold to another car manufacturer that created a "profitable" version that, quite frankly, is a shadow on its former glory
- QuercusMax 2y agoHappens to musical instrument manufacturers all the time, too. I used to have a Chickering piano from around 1915; a lovely instrument with a good reputation. At some point that company was sold, and they continued to produce pianos under that name, but they were nothing like the original.