....Often, what is best for the consumer alligns with what will make a company the most money. The reason for this is because consumers will ultimatly act rationally and in their own best interest, and if a company is offering a product that is not in line with what is best for their customers, their customers will not buy said product....
I think I pulled a muscle laughing.
Yeah the Pinto was a great deal for consumers, or the Firestone tires failing or killing people.
The manufacturers knew the product was not in the 'best interest of customers' but selling them made a higher profit.
Cigarettes, foods with know carcinogens and so on.
Companies will offer what makes them the biggest profit.
Consumers will usually buy what appears to get them the best deal for the money.
The same applies to financial products too. Be it stocks & bonds or crypto or whatever.
-Dave