Damus
Austin · 56w
nostr:nprofile1qqsg86qcm7lve6jkkr64z4mt8lfe57jsu8vpty6r2qpk37sgtnxevjcpz3mhxue69uhhyetvv9ujuerpd46hxtnfduq3jamnwvaz7tmjv4kxz7t9wghxv6tpw34xze3wvdhk6j8uhqx Curious to hear your thoughts on this post ma...
Austin profile picture
@Jeff Booth specifically, his opinion on deflation. The idea that because the products are brand new they will not sell at a price lower than the worse product they are replacing. Seems logical in the beginning phases, but long term at some point another company will offer the same product for less and the competition will start forcing the price to fall to marginal cost of production?
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Jeff Booth · 56w
Mark has found himself particularly proficient at misunderstanding things. Hard to believe how often he gets things wrong. They compete in a free market and if other value is better, they’re forced to either drop their price, improve value, or customers will choose elsewhere.