Cost of production sets a floor on the price of goods, not a ceiling. | Hacker News

Hacker Newsnew | past | comments | ask | show | jobs | submit

sp332 on Nov 12, 2013 | parent | context | favorite | on: Switzerland’s Proposal to Pay People

Cost of production sets a floor on the price of goods, not a ceiling.

xixi77 on Nov 12, 2013 [–]

True, but competition among sellers sets the ceiling.

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact