LogFAQs > #947825173

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Topic	People selling PICTURES of PS5s for hundreds of dollars.
LordoftheMorons 12/02/20 12:06:22 AM #24:	A manufacturer cant determine worth. Something is worth whatever people are willing to pay for it. Really what should happen in a free market is that a new console starts off being $1000 or whatever crazy people are willing to pay to get it right away, and then slowly lower price as the highest price people are willing to pay drops, but that would be logistically complicated and generate bad will, so scalpers kinda naturally enact that. (Not saying that scalpers are good or anything, theyre just a natural consequence of the product initially being worth more than the MSRP). --- Congrats to azuarc, GotD2 Guru champ! <cite>LordoftheMorons posted [p:947825173] in People sel... [t:79147131]...</cite> <quote>A manufacturer cant determine worth. Something is worth whatever people are willing to pay for it. Really what should happen in a free market is that a new console starts off being $1000 or whatever crazy people are willing to pay to get it right away, and then slowly lower price as the highest price people are willing to pay drops, but that would be logistically complicated and generate bad will, so scalpers kinda naturally enact that. (Not saying that scalpers are good or anything, theyre just a natural consequence of the product initially being worth more than the MSRP). --- Congrats to azuarc, GotD2 Guru champ!</quote> ... Copied to Clipboard!
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