The idea that artisan pipe prices can't go down past a certain point is true, but what you're really looking at is a problem of entry (as economists call it). The way this market clears (if it is actually saturated) is that guys who are good at making pipes stop making pipes and start selling insurance, digging ditches, etc. because they could get more money.
We might not see a change in the price of a pipe if competition has pushed it down to the "zero economic profits" zone, but there may be less new pipes entering the market overall.
Regarding the original post, I'm a big fan of Briarworks, and I think the "middle brow" pipe is a good spot for the market to go.
We might not see a change in the price of a pipe if competition has pushed it down to the "zero economic profits" zone, but there may be less new pipes entering the market overall.
Regarding the original post, I'm a big fan of Briarworks, and I think the "middle brow" pipe is a good spot for the market to go.