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submitted 11 months ago by NightOwl@lemm.ee to c/worldnews@lemmy.ml

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[-] atetulo@lemm.ee 21 points 11 months 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 11 months ago

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

[-] atetulo@lemm.ee 2 points 11 months 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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