Expired food transaction prices are closer to cost. It is the necessity for a profit margin that drives grocery stores to sell at a higher price (or as I call it, cost + profit price). Now, you may say that profit margins are bad for grocery stores, which is true (2~3%), which cannot account for discount on expired food (10~30%). However, The grocery store overall margin does not account for the cost of individual items. In terms of percentages, markup on dry goods (cereals, pasta, etc.) and canned goods are lower while the markup for prepared food, frozen food, and bakery goods are more than twice that of dry goods. Which items actually do go on sale then? The ones with higher margins. . The discounted price for fresh food is absolutely possible when you take profit margins out.
For the microprocessors example, I'll use the same example as to why that mode of complex production is more likely under communism than capitalism. By your account, ARM designed microprocessors while there wasn't a huge need for it, but the market for smart phones exploded later. Does this make sense? No, it doesn't make sense under capitalism, so let's look at the history of it. ARM (Acorn/Advanced RISC Machine) financially functioned by being funded by the BBC (British Broadcasting Corporation). ARM's nickname in the UK used to be BBC Micro! I don't think I need to go on about how communists are all about state-funded enterprises, so I rest my case.
Expired food transaction prices are closer to cost. It is the necessity for a profit margin that drives grocery stores to sell at a higher price (or as I call it, cost + profit price). Now, you may say that profit margins are bad for grocery stores, which is true (2~3%), which cannot account for discount on expired food (10~30%). However, The grocery store overall margin does not account for the cost of individual items. In terms of percentages, markup on dry goods (cereals, pasta, etc.) and canned goods are lower while the markup for prepared food, frozen food, and bakery goods are more than twice that of dry goods. Which items actually do go on sale then? The ones with higher margins. . The discounted price for fresh food is absolutely possible when you take profit margins out.
For the microprocessors example, I'll use the same example as to why that mode of complex production is more likely under communism than capitalism. By your account, ARM designed microprocessors while there wasn't a huge need for it, but the market for smart phones exploded later. Does this make sense? No, it doesn't make sense under capitalism, so let's look at the history of it. ARM (Acorn/Advanced RISC Machine) financially functioned by being funded by the BBC (British Broadcasting Corporation). ARM's nickname in the UK used to be BBC Micro! I don't think I need to go on about how communists are all about state-funded enterprises, so I rest my case.