I think you're underestimating the heavy lifting being done by "adequately". Does stupidity adequately explain a corporation doing evil shit that made them a bunch of money? Absolutely not.
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I used to buy a lot of DLC for Paradox grand strategy games. I never thought full-price was worth it, but they regularly had 90+% off sales where you could pick up all but the most recent for a couple bucks each. Nowadays they never seem to go lower than 50%, which puts them solidly in the price range where I could get an entire game for the same price, and I can't justify that.