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They’ve been buying this way all their lives.Nike and Adidas could kill the replica market simply producing enough units for everyone to buy, but would ubiquity diminish the value? If Nike produced millions of pairs of Travis Scott Nike Air Jordans would they be just as prized? I realize this runs contrary to what most economists will tell you. To economists, value is derived from factors like supply and demand, usefulness, or the price people are willing to pay, but these factors are flawed. For instance, it’s not always true that the price drives value
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