p = money, mr = memory, and ar = ambition. A perfectly competitive market is one in which companies compete on price, quality, and customer service. The more we compete, the more we are rewarded. The more we compete, the more we are motivated to work harder and be better. The more we compete, the more we are motivated to work harder and be better.
In a perfectly competitive market, we are always motivated to do the best job we can. But in a perfectly competitive market, we know that we are not always rewarded for that performance. Instead, we are rewarded for having the best product, selling the best product, and working the hardest.
This is exactly the case with a market that is competitive. I am not talking about a market where we compete only to give away our products for free. Such a market would be in a state of constant crisis, constantly under threat of losing everything. A market where we compete to maximize our own wealth is in a perpetual state of crisis. The market where we compete to maximize our wealth is in a perpetual state of crisis.
Because in a competitive market, if we have a product that is good enough for everyone, then everyone will have it, and at some point the price of the product will fall. This is why the market for the Apple iPhone is so fierce. It’s because Apple has the best product. It is why everyone can buy an iPhone, and it’s why Apple is always selling the best products.
Because the market for the iPhone is fierce, and the Apple iPhone is the best product, everyone is competing for it. And each market has its own unique conditions and dynamics that affect its price, demand, and supply. In a competitive market, a company that is perceived to be producing a low-quality product is in a great position to out-compete its rivals. It is a position that is both profitable for the company and beneficial to the investors.
In the case of Apple, the company is using the demand for its iPhone to make the profit it needs in order to compete in a market that is always changing. In that sense, Apple is a textbook example of a firm that continually competes for market share, with each new release driving up the demand for the next one. In this case, Apple is making the best product it can make, and thus being perceived as the best. The same is true of most firms.
So when an investor asks, “Why do you think Apple is making the best product it can make?’, you’re going to be told that it has a competitive advantage. That’s why they are making the best product they can, and therefore, they are perceived as the best. However, it may be quite a bit of a stretch to say that this is the case for Apple.
People don’t really buy the next one because they believe the next one is better than the previous one. They buy for one big reason: the next one is more lucrative than the previous one. When someone says, “Apple makes the best product it can make,” what they are really saying is that they are good at making the product that makes the most money for them. In other words, their profit margin is high.