Comment by ahmeneeroe-v2
6 months ago
It's not the "wisdom of the market" it is simply that pricing isn't set by the seller, it is set by a dynamic process between seller and the buyer.
If you don't believe me, try selling a luxury good targeting a rich buyer on FB Marketplace and see if you can set the pricing arbitrarily high.
You're completely missing the point. Unless your name is Ferrari or something like that, you didn't build said luxury item.