You all remember just a few weeks ago when Sony ripped away a bunch of movies and TV shows people “owned”? This ad is on Amazon. You can’t “own” it on Prime. You can just access it until they lose the license. How can they get away with lying like this?
Oh I had never thought of this or come across this concept! That’s a really elegant concept. Of course, in a transaction you’re putting in more effort than the money. The time it takes you to go through the purchase, the research, the cost of opportunity of that money… meaning those have to be covered in the cost of the transaction, and therefore the goods must be cheaper than the perceived value by those amounts.
You’ve sent me down a rabbit hole and I thank you for that. Now I’m off to read about economics 🤓