4 ms·
> Not to mention it's the eventual result of a competitive market (Econ 101). ...maybe you should have also taken Econ 102? A race to the bottom is only the in
by awj 13y ago
> Not to mention it's the eventual result of a competitive market (Econ 101).
...maybe you should have also taken Econ 102? A race to the bottom is only the inescapable result in the silliest of toy market simulations. There's almost always demand for premium goods.
- Mikeb85 13y ago'Premium' products don't compete with commodity products. They're different markets.