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by ahmeneeroe-v2 304 days ago
It's not the "wisdom of the market" it is simply that pricing isn't set by the seller, it is set by a dynamic process between seller and the buyer.

If you don't believe me, try selling a luxury good targeting a rich buyer on FB Marketplace and see if you can set the pricing arbitrarily high.

1 comments

You're completely missing the point. Unless your name is Ferrari or something like that, you didn't build said luxury item.