▲ | mynameisbob 17 hours ago | |
You’re assuming that the price for a product should be based on the cost to offer it. In most markets, price is a function of the value perceived by buyers and relative pricing of similar products. Cost doesn’t enter into the equation. | ||
▲ | gruez 5 hours ago | parent [-] | |
I'm well aware of how markets work, but that doesn't make it less bonkers. Bottled water companies take municipal water, do some "filtering", and sell it for a 10x-100x markup. I'm sure the people buying the water thinks they're getting their money's worth, but that doesn't mean we can't point out how absurd it is, nor is " in most markets, price is a function of the value perceived by buyers and relative pricing of similar products" a satisfying counterargument to that. |