The economics of knockoffs is simple: The rich buy Prada bags, while the not so rich opt for fakes, which telegraph to the world they’re just as shallow as the rich, but on a budget. Prada doesn’t like knockoffs because they undercut both the bottom line as well as the purity of its brand. Some scientists have been trying to put this principle to work in the rhino horn trade, by producing a convincing synthetic alternative and one day unleashing it on the market.
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