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Actually, in most economic models of markets, the producer does not capture 100% of the value it creates. The exception would be a pure monopoly where I can do
by dash2 8mo ago
Actually, in most economic models of markets, the producer does not capture 100% of the value it creates. The exception would be a pure monopoly where I can do pure price discrimination and charge everybody exactly as much as they would pay. That is pretty rare for obvious reasons. So I don't know why GP expects this to be true of ARM.
- matwood 8mo ago> Actually, in most economic models of markets, the producer does not capture 100% of the value it creates. See airlines who create enormous value, but remain terrible businesses. I think it remains to be seen if the AI companies can really capture the value being created as well.