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Junior Varsity
Working for Cheap
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<blockquote data-quote="Steve Hurt" data-source="post: 17798" data-attributes="member: 311"><p>Re: Working for Cheap</p><p></p><p>Every single example you use is an example of a monopoly or limited monopoly.</p><p></p><p></p><p></p><p>Price is a direct function of supply and demand.</p><p></p><p>If you want prices to go up, you either create more demand or less supply. </p><p></p><p>To charge more for sound (assuming demand for live events is stable), you:</p><p></p><p></p><p></p><p>1) Via a union, artificially restrict access to the trade (supply down), increasing what suppliers can charge (demand up), or</p><p></p><p> </p><p></p><p>2) Fix prices (requires participation by all or it doesn't work - and it's illegal), or</p><p></p><p></p><p></p><p>3) Find a way to sell yourself as being worth more</p><p></p><p></p><p></p><p></p><p></p><p>Number 3 is how I choose to do it. (It's a tough road to hoe, though!)</p></blockquote><p></p>
[QUOTE="Steve Hurt, post: 17798, member: 311"] Re: Working for Cheap Every single example you use is an example of a monopoly or limited monopoly. Price is a direct function of supply and demand. If you want prices to go up, you either create more demand or less supply. To charge more for sound (assuming demand for live events is stable), you: 1) Via a union, artificially restrict access to the trade (supply down), increasing what suppliers can charge (demand up), or 2) Fix prices (requires participation by all or it doesn't work - and it's illegal), or 3) Find a way to sell yourself as being worth more Number 3 is how I choose to do it. (It's a tough road to hoe, though!) [/QUOTE]
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