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Re: Carvin Line Array In StockYou are giving good examples of imperfect price discovery. You did not have complete information about what to pay for some of those purchases. High priced or low priced is not a completely reliable rule, while many use rules like that or even worse.In a mass market where there are many transactions, customers share with each other if a product is good or bad, and prices are widely available on the internet, it is easier to determine better and worse values. The problem when selling sound company services is that it is a thin or inefficient market, so buyers do not have access to good price information and feedback from lots of past customers. How many alternate sound company quotes do they get, or past customers do they talk to? Lacking good information they typically defer to use bad rules like "cheapest" quote, etc. JR
Re: Carvin Line Array In Stock
You are giving good examples of imperfect price discovery. You did not have complete information about what to pay for some of those purchases. High priced or low priced is not a completely reliable rule, while many use rules like that or even worse.
In a mass market where there are many transactions, customers share with each other if a product is good or bad, and prices are widely available on the internet, it is easier to determine better and worse values. The problem when selling sound company services is that it is a thin or inefficient market, so buyers do not have access to good price information and feedback from lots of past customers. How many alternate sound company quotes do they get, or past customers do they talk to? Lacking good information they typically defer to use bad rules like "cheapest" quote, etc.
JR
