What is the right price for technology?

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    • Subject Terms:
      UNITED States
    • Abstract:
      The author reflects on the effects of the law of supply and demand on pricing of technologies in the U.S. He stresses on a factor of pricing wherein patents and being able to block others from selling competing products can have a major impact. He focuses on Apple's pricing of the iPhone where a survey indicated that 90% of the buyers were extremely or very satisfied with the phone they brought.