3 ms·
Once again, profit is a cost.
by asdff 2mo ago
Once again, profit is a cost.
- inemesitaffia 2mo agoIt may actually just show a gap in knowledge. I'm sure you've heard of trade secrets before
- asdff 2mo agoNot sure how trade secrets are dismissing the point of profit being a cost.
- inemesitaffia 2mo agoThey dismiss them because if you know how something is made and your competitors don't, you always have a market edge. I consider the RD-180 engine from Russia better than Merlins from SpaceX, for example. You can charge more or make higher margins at the market clearing price. I thought everyone has done at least one semester of microeconomics at high school level, but the internet challenges my assumption frequently.