Re: Woohooo! Dell + Linux
On Fri, 30 Mar 2007 07:45:13 -0500
John Hasler <email@example.com> wrote:
> Paul Walsh writes:
> > Then again, why is it that wholemeal bread "with nowt taken out" (thus
> > presumably requiring less in the production process) costs more than
> > white bread?
> Because you are willing to pay more for it.
> John Hasler
Doesn't basic economics dictate that given competition, the equilibrium
price is determined by both supply and demand? Even if I'm willing to
pay a great deal, if the cost to produce the item is low, competition
should drive down the price. Are you implying that the market is a
monopoly or oligarchy?