Lightwave Logic Inc (LWLG)

[Richard_LaRiv]

I will agree with one thing you said, with a caveat. Higher cost does tend to get passed into higher end prices... (caveat) in a perfectly competitive market. This statement is a standard rule of economics.

However, that economic rule does not apply outside of perfect competition. LWLG is not entering a perfectly competitive market. Technology companies typically have high fixed cost and low marginal cost. This is part and parcel to monopoly, not perfect competition. In a monopolistic market, the price is not set based on cost of product. The price is set by the producer of the product, not supply and demand.

This is all researchable in any introductory economics text book.

So again, LWLG's wafer cost has no bearing on revenue projections.