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gotbeans | 1 year ago

No, it does not. That the users end up paying more in no way means or should be implied that they _choose_ to pay more.

If cheaper options are made less accessible or clearer, and customers are intentionally mislead to more expensive products, as a result they will pay more too.

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ufocia|1 year ago

Also, there is a cost associated with searching. Consumers may intentionally forego the effort for perceived low marginal gains (especially in nominal rather than percentage terms, e.g. "I'm not going to waste my time to save a quarter." even if the quarter is a significant percentage difference). This is one of the factors in the success of Amazon. People "value" convenience.

Gormo|1 year ago

But people will not pay more than a product is worth to them. The fact that they are willing to purchase the product at a higher price point indeed does imply that that price point is still lower than the consumption utility of the product for them.