To start things off I would like to look at an extreme hypothetical example.
We have two Goblins selling the same item.
Goblin A is all about volume. Goblin A always has the lowest price on the auction house and his sales show it. Goblin A sells 1000 of item X per week at an average profit per item of 1 Gold.
Goblin B ignores under-cutters and posts all auctions at what they believe to be fair market value. Goblin B sells 100 of item x per week at an average profit per item of 2 Gold.
At the end of the week Goblin A made 1,000 gold, Goblin B only made 200.
Who would you rather be?
More on this tomorrow…
Cheers!
CK
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