SumitIf you’re ready to live the easy life and go the minimalist route, you’ll need a place to start. So where do you start? In this article, I discuss the three levels of self-awareness and why you need to pay attention to your home first before moving on with any other type of decoration.
Well actually, there are many levels of self-awareness. For example, you could be totally unaware of all the other choices that you have. Or you could be aware of all the other choices but not pay any attention. Or you could be aware of all the choices but only pay attention to the part you have the greatest control over. Or you could be aware of all the choices and pay attention to the parts of your home or your office that you’re willing to give up.
I think a perfect price-discrimination monopoly is one where the price you pay for something is so different from other customers that you have to consciously choose a price that doesn’t work. For example, when I buy a product like a pair of jeans, there are many many other things that I could be paying for. The ones that I would be willing to pay more for are things like the waistband, the design, and the stitching.
This would be an example of a price-discrimination monopoly. To create one you would have to create a product that was so different from others that you would have to consciously choose a price in which it wasnt as good. For example, if you bought a pair of jeans that had a waistband that was 20 centimeters longer than the normal size, you wouldnt be willing to pay more money to buy them.
In many countries, you can go to the supermarket and buy a whole lot less of a product than you would if you were to go to your local mall. Imagine a country like Singapore where you can only buy a certain amount of something. If you were to buy less of, you would have to go to the mall and buy the whole amount of the same product. This monopoly would prevent one company from creating a product that was cheaper than others.
An example of this is Apple. They sell an iPhone in two sizes. One was $199, and the other was $329. This would mean Apple was able to create a product that was cheaper when it came to the retail price.
Imagine if Apple created a product that was only available in those two sizes, and they sold that product for a cheaper rate. This would allow for the company to be able to sell more of the product, increasing their monopoly power.
If I were to run a business with a company that was making the sales of apple, I would buy a product that was cheaper than the other two sizes. And if I did that, Apple would have to make a similar product.
So it’s not just that Apple makes cheaper product, it’s that there are less of them in the world. The only companies that can make cheaper cheaper product are the only companies that can make more product. So if you want to have a monopoly, you need more product. If you want to continue to make more product, you better price discriminate.
