Guess you'll never be buying an Apple computer in the future because FAIR-PRICING isn't a term that connects with Apple. With Apple you're not buying for bargain your buying for quality you won't find better in the same category in the Windows world.
Well, this is all relative.
"Better" is relative, and so is "same category".
If you consider all-in-one PCs, you will not be able to find something better for this price or for any price. You have the Microsoft Surface Studio and the Dell XPS 27 AIO, but I guess the iMac beats them all.
Now, for the price of a maxed-out iMac, you may build a custom PC that is better in many aspects. It may not have a faster processor, but it will have far more RAM, storage, perhaps a better video card, a mechanical keyboard, and a monitor that suits you, which can have a larger size, a higher resolution, a higher refresh rate, or other features. It will have different features, some of which are better than the ones found in an iMac.
Price and category go together. If you raise too much of the price, you go to the next higher-end category. It is tricky.
If you are a reasonable person who does not buy into Apple's marketing, you will be able to weigh pros and cons and have an informed buy based on the balance of price and quality.
If you just want the lowest price possible, regardless of quality, then Apple is not even a contender.
If you are a stupid dummy who just wants a colorful and thin computer that looks great in your living room, then Apple is the only contender and ready to rip you off.