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It's not the "wisdom of the market" it is simply that pricing isn't set by the seller, it is set by a dynamic process between seller and the buyer. If you don'
by ahmeneeroe-v2 1y ago
It's not the "wisdom of the market" it is simply that pricing isn't set by the seller, it is set by a dynamic process between seller and the buyer.
If you don't believe me, try selling a luxury good targeting a rich buyer on FB Marketplace and see if you can set the pricing arbitrarily high.
- locao 1y agoYou're completely missing the point. Unless your name is Ferrari or something like that, you didn't build said luxury item.