> ...it's a symptom of insufficient competitive pressure. The extra value a producer is able to capture from price discrimination due to a relative lack of com

> ...it's a symptom of insufficient competitive pressure. The extra value a producer is able to capture from price discrimination due to a relative lack of competition can be thought of as one of the ways in which the deal between producers and society called "intellectual property" functions to shift rewards for innovation toward to the producer. Something thought "insufficient" for one end, might be in proper indeed for some other end.