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A comment on Show HN: Price Optimization API. Parent comment
The price which maximizes revenue isn't always the highest price.
This API could equally suggest a lower price, bringing in more customers who get more utility of your service.
In a good market with lots of competition, the best strategy for the seller also leads to the best result for the buyer.
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The price which maximizes revenue isn't always the highest price.
This API could equally suggest a lower price, bringing in more customers who get more utility of your service.
In a good market with lots of competition, the best strategy for the seller also leads to the best result for the buyer.