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Not necessarily, I think.. tell me if this logic holds up. In a hypothetical situation where I clone the iPhone and manage to bring it to market for $1, if I a
by corin_ 14y ago
Not necessarily, I think.. tell me if this logic holds up.
In a hypothetical situation where I clone the iPhone and manage to bring it to market for $1, if I am allowed to do it and it sells X times then it could mean X(big price) losses to iPhone, whereas if I am blocked from selling it then I am only losing X($1) from those lost sales.
- __alexs 14y agoPrice elasticity of demand is not linear.