In real life the markets drive the price down to the cost of production only occasionally. If your theory says they should, it’s the theory that needs to be adjusted.
In real life, you can find the $30 bottle available for $4.29. I don’t know if that’s exactly the cost of production, but it’s low enough that we can stop talking about how this is a market failure because the product can only be sold at high prices.
In real life, you can find the $30 bottle available for $4.29. I don’t know if that’s exactly the cost of production, but it’s low enough that we can stop talking about how this is a market failure because the product can only be sold at high prices.
Where?
I posted the link on this page already. Unless you’re trying to insinuate that because the link doesn’t work, the product was discontinued.
If so, you should have done a search, which would have found that the product was not discontinued and they just reorganized their site so that URLs now include the directory /products/: http://www.planetrx.com/products/sunmark-sugar-free-extra-strength-calcium-antacid-orange-creme-80-chewable-tablets
They are also available at Wal-Mart for $5.65. Here is a different brand for $3.49, and a different brand, different flavor for $6.40 for 100 tablets.