Re: International Pricing Policy

"Nick Hodges (CodeGear)" wrote:
I.P. Nichols wrote:

Why the skepticism, don't you believe in nickonomics? :)

You mock me, but it is a bedrock principle of economics: Price is
driven by supply and demand. Costs have nothing to do with price.

The problem with your statement is, "Costs have nothing to do with price" which is absurd. As my authority I cite George Stigler who won a Nobel Prize for Economics and authored the seminal text, "The Theory of Price".

.

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