> Production cost has nothing to do with what you can charge for something.
On the contrary, production cost has a great deal to do with what you can charge for something. In a perfectly efficient market, someone who charges more than what an item costs will sooner or later get outcompeted by someone who charges less. I think it's fair to say that production cost isn't the only factor in what you can charge, but to say "it has nothing to do with the price" is going way too far.
On the contrary, production cost has a great deal to do with what you can charge for something. In a perfectly efficient market, someone who charges more than what an item costs will sooner or later get outcompeted by someone who charges less. I think it's fair to say that production cost isn't the only factor in what you can charge, but to say "it has nothing to do with the price" is going way too far.