LogFAQs > #947827840

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Topic	People selling PICTURES of PS5s for hundreds of dollars.
ChaosTonyV4 12/02/20 2:26:14 AM #28:	LordoftheMorons posted... 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). LotM pls --- Phantom Dust. "I'll just wait for time to prove me right again." - Vlado <cite>ChaosTonyV4 posted [p:947827840] in People sel... [t:79147131]...</cite> <quote>LordoftheMorons posted... </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).</quote> LotM pls --- Phantom Dust. "I'll just wait for time to prove me right again." - Vlado</quote> ... Copied to Clipboard!
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