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submitted 2 years ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml

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[-] atetulo@lemm.ee 21 points 2 years ago

Hey, buddy. I got some news for you.

Businesses charge what people are willing to pay. Full stop. Not what products cost to produce.

[-] Fallenwout@lemmy.world 1 points 2 years ago

They're not selling below the production cost. Full stop.

[-] atetulo@lemm.ee 2 points 2 years ago

Right. They're selling as high above the production cost as people are willing to pay.

It's called 'maximizing profit.'

this post was submitted on 12 Oct 2023

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