Re:Apple is struggling to become an AI powerhouse
by AndrewKemendo on Thursday June 08, 2017 @06:20PM
(#14517609)
The implicit assumption is that the service is charging your air fare or whatever based on your ability to pay. So in that sense, in aggregate, it drives equilibrium between supply and demand - and thus is comprised of market clearing prices, as I said.
[ Parent
| on HN ]
Re:Apple is struggling to become an AI powerhouse
by acover on Thursday June 08, 2017 @07:44PM
(#14518085)
There is a difference between competitive single price and monopolistic pricing.
Re:Apple is struggling to become an AI powerhouse
by smallnamespace on Thursday June 08, 2017 @07:43PM
(#14518075)
Market clearing prices can strongly favor one party or another, depending on the information asymmetries present.