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| | Slow and Painful 4.99 is not market price. 1.99 is.
Are NBC and others trying to Fix the market?
Looks like I'm back to Usenet.
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|   Combat ChuckToo Many CannibalsPremium
join:2001-11-29
Erie, PA | Re: Slow and Painful said by packetscan:4.99 is not market price. 1.99 is. Are NBC and others trying to Fix the market? Looks like I'm back to Usenet. Oh boy, I'm glad Allen Greenspan here popped back up to inform us all what the market price is. For a while there I thought it was the convergence of the price the consumer was willing to pay with the price the producer was willing to sell for; but now we all know it's $1.99 cause he says so.
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| | Ulmo
join:2005-09-22
San Jose, CA Reviews:
 ·SONIC.NET
| Re: Slow and Painful said by Combat Chuck:said by packetscan:4.99 is not market price. 1.99 is. Are NBC and others trying to Fix the market? Looks like I'm back to Usenet. Oh boy, I'm glad Allen Greenspan here popped back up to inform us all what the market price is. For a while there I thought it was the convergence of the price the consumer was willing to pay with the price the producer was willing to sell for; but now we all know it's $1.99 cause he says so. True, but a lot of us think that's closer to $1 to $2 than $5.
It would actually be interesting (academic?) to see what the market will actually bear, without an intervening Apple iTunes in the way, but for now, we don't have what we supposedly had for a while, so we discuss that using the data we know. Waiting for a massive market experiment to be able to discuss some data points is silly: even that data is outdated as soon as it is obtained, and in that particular market almost never happens. Of course, if it (real market tests) did happen in that market often enough, waiting for those results wouldn't be so silly. Also, if such a market experiment did happen, looking at the data it produced also wouldn't be silly. But for that market as it is, waiting for such a real market test is silly.
Of course they're already doing the same thing (real market testing) right now, but the data is never communicated to us in any way we know of (unless we spend too much time and resources studying it): we don't know how much they get from advertising to us per person, and how it's distributed, and what the averages are, and how the political polyopoly supports are being paid for and the true costs of the underlying products. | |
| | | Combat ChuckToo Many CannibalsPremium
join:2001-11-29
Erie, PA
1 edit | Re: Slow and Painful said by Ulmo:True, but a lot of us think that's closer to $1 to $2 than $5. It doesn't matter what you think, it matters what you do. NBC thinks they'll do better at $5 they may be right, they may be wrong it doesn't matter; it's their right to charge whatever they want and it's your right to not purchase it (just as it's Apples right to tell them to go away). The point being that blind statements such as "the market price is $1.99" are silly, just as silly as statements of Apple as defender of the little guy and the ones saying that it was broadcast so it should be free.
Personally anything above free is too much for me and in-fact even then I wouldn't watch, but that doesn't mean the "market price" is less than free.
The bottom line is NBC wants to raise the price, Apple sees that higher prices make ITunes and thus IPods less attractive and their making a big stink about it makes them look good to the majority of people who can't put 2 and 2 together and insist on this notion that companies should care about them (despite the conflict of interest).
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| | | | | | Re: Slow and Painful Actually It does matter what we think..
WE are the that set market price..
We don't buy it the cost goes down.
CombatChuck do you see how supply and demands works?
If not demand how can the price go up?
And now they aren't going to make any money from iTunes.
As a NBC share holder I'm saddened that's I'm gona have to sell the stock because they are obviously going to take a hit.
All these once paying customers are now going to pirate the content.
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| | | | | Combat ChuckToo Many CannibalsPremium
join:2001-11-29
Erie, PA
1 edit | Re: Slow and Painful said by packetscan:WE are the that set market price.. No you don't, if NBC sets the price at $500/episode that's the market price being as no one else is selling episodes of scrubs. Now it could be that $500 is higher than the market value, but even there you don't set the market value, you set the highest price you'll pay and they set the lowest price they'll sell, and, for the most part, somewhere in the overlap is the market value.
-edit- reread my post packetscan, I said nothing about NBC's success. Mearly pointing out that your assertion that the buyer sets the market price is absolutely incorrect. BTW, It's nice to see that you're still gaming the forums so you get the last word on everything.
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| | | | | | Ulmo
join:2005-09-22
San Jose, CA | Re: Slow and Painful Combat Chuck, thank you for very sensible replies. | |
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2 edits | Re: Slow and Painful
He might seems sensible too bad the information he has been provided with is false.
NBC will be back to apple at 1.99.. And you can MARK THOSE WORDS
And here is why.. What is NBC doing?
Lets make a comparison. Would you expect to pay 2.99 a gallon for gas on Monday then on Friday is 5.99.
Because "they think they can".. NBC will just have to learn the hard way.
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| | | | Market Testing?
Your kidding right?
It's called PRICE FIXING.
Why.. They are setting the price not letting the market.
And over a 100% increase.. .
I'm sorry that no one has woken up and seen this.
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