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To: wizzler
Duh -- I left this one out too. Quick economics lesson for you: Cost doesn't determine price. Supply and demand determine price. Browse your favorite jewelry store or car lot sometime for an easy reminder.

And sometimes RIAA members determine price. Browse the Compact Disc Minimum Advertised Price Antitrust Litigation Settlement sometime for an easy reminder.

BTW, if you wish to file a claim, the deadline is less than a week away.

30 posted on 02/26/2003 12:41:21 PM PST by Cooter
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To: Cooter
Yes, RIAA members determine the prices of their products, guided by supply and demand. The nifty retort you're trying to make would have more impact like this: "And sometimes RIAA members determine prices by getting together and fixing them."

That said, the MAP settlement you're referencing was a sham. Nobody held a gun to anyone's heads forcing them to buy CDs for any particular price. Your use of the word "claim," of course, reveals where you stand. And I thought this was a "conservative" board...

34 posted on 02/26/2003 12:49:32 PM PST by wizzler
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