Cell phones. I think we can all agree that cellphones are ridiculously over price. We all know that the cost to make them is a mere fraction of what they actually charge for them. This has been hashed and rehashed over the years and yet nothing is done about it.
Will I say anything new, if I state that prices are always set by the buyers?
Price is always as high as possible up to levels where there are still enough buyers ready to accept it and pay it.
That is a good point, we definitely don't help ourselves when we fork out thousands of dollars each time a new model is released.
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