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by wanderindev 1835 days ago
How is a company supposed to determine what 'good' prices are though? Should they just be covering their costs? Should they just be covering their costs + x%? Sure they could base it off what the rest of the market is doing but where is the market establishing their prices?

I don't disagree that price gouging occurs in many markets - and I agree that an international GDPR would be beneficial to people - but good pricing also doesn't just occur naturally it's a product of experimentation.

1 comments

Good prices are what consumers determine are good prices.

Sometimes that's razor-thin margins. Sometimes it lets you get away with high margins.