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What's it called when you charge someone 10% more on a better product?
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March 24th, 2022
An artist named Tracy does a fine-line drawing that took several months to complete, with extensive handwork involved. The price of Tracy’s drawing is $7,500.
But another artist named Joe does a similar drawing but with more advanced detail and touch ups. Tracy loves Joe’s work as she’s floored by Joe’s extensive detail, and wants to buy it so bad. The thing is, Joe can’t let it go for no less than $75,000 (a steep 10% more than what Tracy charges for her work).
Tracy’s drawing is $7,500. But Joe’s work is $75,000. The difference is whopping %10. What do you call this competition?
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