Your Counterfeit Buyer Could Afford the Real Thing
The propensity to buy a counterfeit is not explained by price alone. It depends on whether the brand is premium or luxury, on whether the buyer could afford the original, and on whether they wanted that specific brand or just an alternative that met the need on a functional or aspirational level. These are the nuances that decide whether that demand is recoverable or the brand should write it off from the start.