5 ms·
Everything will be automated. Cost per unit will be down. In an open competitive market without monopolies or price fixing cartels the price for high demand che
by rorykoehler 11y ago
Everything will be automated. Cost per unit will be down. In an open competitive market without monopolies or price fixing cartels the price for high demand cheap basics gets driven down due to increased competition. For cheap basic good the main competitive strategy is to be cheaper than your rivals. It's the classic race to the bottom like we are seeing with low end electronics. The more the system fully automates and becomes hyper efficient the closer we move towards zero marginal cost.