>Markets don't pay you what something is worth, they pay what the cheapest participant is willing to sell it for.

I believe 'what something is worth' is defined as what the market is willing to pay.

And sometimes the customer will pay for something that isn't the cheapest of something, which is why I'm writing this on a mac.

> competition will drive profit margins and prices down to nothing

I strongly suspect the profit margin on ChatGPT is already pretty low!

> Markets don't pay you what something is worth, they pay what the cheapest participant is willing to sell it for.

Correction: Markets pay what companies are able to convince consumers to pay. Some products bring negative value to the buyer, but are still sold for hundreds of millions of dollars (see: enterprise sales and integrations, which oftentime fail).

That last argument is a tautology btw