Quote:
Originally Posted by corporatejay
What are you talking about? What is the net public benefit to counterfeit jerseys, cheaper jerseys? Owning a stamps jersey isn't a right or even a necessity, it is the definition of luxury. By that logic we should all steal tom ford suits to bring down the market failure of their extremely expensive suits.
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Net public benefit is the sum of consumer surplus and producer surplus. It is optimized when prices are competitive, rather than monopolisitic. Counterfeit jerseys are a market-priced product - ergo, net public benefit increases.