Twisted said:
The market would be forcing you if the market were doing its job.
*You* are the market. And you can force me by walking
away from my putrid deal, in all your mighty millions. I will
end up on the breadline, and cease to trouble you (except
now and then to beg for alms). I repeat: *you* are the market:
flex your muscles or go sit in the corner.
I should have the choice of a more reasonably priced, nigh-identical
product, given that the price you're asking far exceeds the cost of
providing it. If I don't have that choice there is market failure.
"Price" and "cost" are different things. "Cost" is something
I as a manufacturer cannot avoid incurring (I do my level best to
keep it as low as possible, but whatever I cannot eliminate remains
"cost"). "Price" is what I ask and what you are willing to pay
(if you aren't willing to pay, then there's no transaction). May
I ask a price lower than my cost? (Ever heard of a "loss leader?")
If so, why may I not ask a higher price? You are *always* free to
walk away and do without my overpriced junk. Who's stopping you,
you big, muscular market?
The problem is if you can indulge your folly and not be eaten alive by
competitors with more reasonable, but still profitable, pricing. That
indicates market failure.
So I'm eaten alive -- I don't see evidence that you are
inconsolable.
[snip a bunch of stuff including several unfamiliar names or
references that are not explained]
O-kay: let's take it very, ve-ry slowly. Did you ever see
the movie "2001: A Space Odyssey?" Do you remember the name of
the computer who/which was such an important character in that
movie? "HAL," right? "H," "A," "L." Did you never notice --
or if not the not the noticing type, were you never told -- of
the interesting relationship between those three letters and
another set of three letters also related to computers? I Bet My
socks you can figure it out, given time and a running start. If
you ponder it long enough, maybe you'll also be able to unscramble
"YourTRM."
"Seer" is a different kind of obfuscation, whose decipherment
requires something the initiates call "vocabulary."
But none of these word games is important. The point is
simply that if I offer to let you use my product in accordance
with terms T and for consideration of a payment P, but you think
T and P are out of line with my product's worth to you, then you
can try to talk me down. If I am obstinate, you can just walk
away from the deal, having made a wise economic choice. We are
both happy: You didn't pay more than my product was worth, I didn't
give in to your attempt to rob me -- two happy people; what's your
objection to that?