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by rakoo
701 days ago
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No, because that falls under the fallacy that every market is a perfect market, where none is. A perfect market is one where - alternatives can be created for little to no money so they can easily exist - consumers have an infinity of time, money and energy to analyze products - consumers have total agency over their decision - picking an alternative has no cost, no drawback - it is possible to buy nothing and still be content There are 0 markets that fall under those conditions. The measure of how good your product is is not in its sales figures it is in... reviews. |
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No, it doesn't. We live in a stochastic world, not a deterministic one, and nothing perfectly fits any speculative model. There are always outliers and edge cases, and that's fine -- the world doesn't need to perfectly adhere to any model in order for the model to be more accurate than not in the general case.
And the proposition that business profits are largely aligned with consumer interests in the general case, even despite outliers to the contrary, is very obviously true.