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To: KLP who wrote (406087)1/23/2011 10:20:28 AM
From: Katelew  Read Replies (1) | Respond to of 794328
 
One factor at play in your example is the small size of the market for those apnea machines. Not enough competition to drive down the price of them or their replacement parts.

Price is always much more than the cost of the components and labor in them. Price is ultimately whatever the market will bear.



To: KLP who wrote (406087)1/23/2011 10:55:42 AM
From: Joe Btfsplk  Respond to of 794328
 
In years gone I spent time scooting between SE AK logging and road construction camps. An accountant pointed out that I could finance a 180 with floats for what I was spending on charters, gain some equity. Better sense prevailed.

Anyway.... within short years the price of the floats exceeded the entire package when I was window shopping. That increase came about due to tort specialists discovering a new gold mine. Most airplane crashes there came about because of pilot stupidity, inexperience, or just lousy luck.

There exists a legitimate need for product liability. The line ain't drawn in the right place. The distortions percolate through the entire economy, make everyone poorer.

The incentives for elected officials or wannabe's are not conducive to the application of wisdom.