Because price isn't dictated by cost of production. Price is dictated by supply vs. demand. Only communist systems dictate to producers how much of their product they must produce, and those systems always fail.
Because price isn't dictated by cost of production. Price is dictated by supply vs. demand.
One could argue that the cost of production has an inverse correlation to supply.
Likewise demand has an inverse correlation to cost.
Only communist systems dictate to producers how much of their product they must produce, and those systems always fail.
How does this concept apply to an already made product that can be copied infinitely at relatively no cost to the individuals that produced it?
One could argue that the cost of production has an inverse correlation to supply.
Generally, but a producer can choose to make as few or many as he likes. He can make 1 or 1 million. His choice.
How does this concept apply to an already made product that can be copied infinitely at relatively no cost to the individuals that produced it?
Because there's nothing to do about somebody not making as many copies of their product as you wish they'd make.
Because there's nothing to do about somebody not making as many copies of their product as you wish they'd make.
There isn't any making to it.
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