lukestein’s Twitter Archive—№ 13,423

@ATabarrok @ben_golub This here👇 seems right. High CACs (lowered through referrals or amortized over repeat transactions you don’t want to lose to a competitor) consistent both with gifting and the perception of “overcharging” (price ≫ COGS even if not far above *total* cost) @davecwright/1477337865210236932