this post was submitted on 06 Nov 2023
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Weird... why is piracy growing then? Every reasonable person should pay $300 to watch the shows they want on the weekend... and then pay a couple more hundreds in the theater.
every dollar you raise, the fewer customers you get. the point is that you should want to raise the price whenever the relative drop in customers is less than the relative increase in price to maximise profits (where marginal cost is marginal benefit :) )