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To: rlmorel
I expect you would agree that there is a limit to high wages?

Is there a limit to how much a company can charge for their product?

96 posted on 07/13/2020 1:05:14 PM PDT by central_va (I won't be reconstructed and I do not give a damn...)
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To: central_va

Yes, there is indeed a limit to how much a company can charge for their product.

In a free market system, that is set by people voting with their dollars.

If a product is too expensive for whatever reason than a similar product of comparable quality offered by a competitor, sales will decline, and the company will be forced to decrease the cost of their product to be competitive.

It does work.


97 posted on 07/13/2020 1:09:18 PM PDT by rlmorel ("Truth is Treason in the Empire of Lies"- George Orwell)
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