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Missing the point

Hey John, thanks for responding. One of us needs a course in economics, but I'm not sure it is me. I asked a dumb question; you gave a dumb answer. I'll take the blame.

Let me try to be more specific: Given that there is standard price for a desirable product readily available on the market, why would a seller choose to advertise their substandard product for a higher price?

Is the assumption is that buyers will not bother do do the research to find the lowest price? Do the sellers have insider knowledge that 1) the mfg does not have capacity to meet demand or 2) the mfg intends to increase the price?

I respect your experience and would like to know your thoughts.




. . . in theory, practice and theory are the same; in practice, they are different . . .


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