Comment on Amazon accused again of overcharging shoppers with Buy Box

blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

• MadhuGururajan@programming.dev ⁨1⁩ ⁨year⁩ ago

  No the claim is that the inflation is artificial… not the prices.

  source

  • blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

    They both always are. Companies make up the prices, and price increases. Predicting how much folks are willing to pay.

    source

    • EncryptKeeper@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Well no, artificial in the sense that it’s arbitrary, as opposed to price increases tied to something more tangible, like cost.

      source

      • blazera@kbin.social ⁨1⁩ ⁨year⁩ ago

        Its a common misconception, prices are never based on cost, its what people are willing to pay. Now, what people are willing to pay can be influenced by perceived costs, but thats pretty artificial too. The prices at a restaurant for example vary pretty wildly in profit margins. Pretty famously, sodas cost cents to make, but people are willing to pay orders of magnitude more.

        source

        • -> View More Comments
• CrayonRosary@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Not “cost plus” pricing.

  source
• Kushia@lemmy.ml ⁨1⁩ ⁨year⁩ ago

  So is most of the junk they sell on Amazon. I’ve gotten so many fake and poor quality products in the last couple of years that I shop anywhere else I can first.

  source