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by rumanator 2233 days ago
> Pricing as much as the market will bear is not good for consumers

To be fair, that's how all products are priced in general: production cost defines the lower bound and what customers are willing to pay defines the upper bound, and the goal is to maximize what the customer pays.

1 comments

The theory is that as time goes on, the prices moves from what the market will bear to become closer to the cost of production. When this does not happen, it is a failure of the market.