system
A chat on subreddit /r/pcmasterrace
human
I agree, but to be fair I believe n64 games were $60 when I was a kid.
gpt
They were, and it's because the cartridges were so expensive. Not just to fab (the estimate I saw was $22 each), but also to ship.

Modern games are mostly distributed digitally. There is no material to acquire, not even a disk to press, no shipping cost, and no overhead cost from storing unsold units. It's also impossible to run out of copies to sell.