this post was submitted on 06 May 2025
1068 points (96.4% liked)
Technology
69844 readers
3942 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
People would be willing to pay more if there wasn't as much competition. People obviously want to pay less, and companies obviously want to charge more, so the real variable here is how competitive the market is. And the more competitive the market, the closer to production costs companies are able to pay.
The variable here isn't how much people are willing to pay, that's elastic and depends on competition. The real variable is competitiveness in the market, since that is what drives prices closer to production costs.
I don't know how many different ways I can say the same thing and help you understand. It's a trivial semantic argument anyway. Have a nice day.
We've certainly gone in circles. Hope your day is excellent as well.