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Re:How Indian lawyers, scientists gave Sci-Hub its first leg... by dqpb on Monday September 20, 2021 @11:34AM (#28594940)
> An economically optimal price is one that maximizes total profit.

The economically optimal price is the one that maximizes total value in the long run.

Re:How Indian lawyers, scientists gave Sci-Hub its first leg... by danuker on Tuesday September 21, 2021 @05:02PM (#28609888)
> maximizes total value in the long run.

What value? Units sold/quantity of product? If so, should businesses operate at breakeven in the long run?

This is an interesting take, it is optimal for everyone, not just the producers. I agree that this would be the ideal scenario for society.

The problem is - how to arrive at it?

Profit sends a message that offering X instead of Y is more profitable - and therefore, better use of one's time.

How would you reduce/remove profit without destroying incentives to innovate or even pivot to new industries?