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On the contrary. In case of a monopoly price is guaranteed to cover the costs. In a competitive market the price can be well below the costs. Case in point: Epi
by viktorcode 5y ago
On the contrary. In case of a monopoly price is guaranteed to cover the costs. In a competitive market the price can be well below the costs. Case in point: Epic games store. They are burning money to carve out a market share. That's an example of price decoupled from the cost.