Does market value of an item equal fair value? What say you.
What defines fair value?
If I buy a case of 16-oz water bottles at the super market, I might pay $0.50 for them, if I buy only 1 at a bodega it costs $1, and at a ball game it costs $5. Given the situations, can I say that charging $5 for a bottle is not fair value?
If best buy marks up the cost of something 20% over amazon, is that unfair, or is it fair considering that the overhead for best buy to get it and stock it in a retail store is baked into the price?