They're expensive because only Nintendo made them, not giving the specs for third parties to use.
See... Gamecube outputs digital video and audio. Rather than component. Every component cable has an analog video encoder chip inside.
This left the port's audio officially unused, so you're supposed to use a composite/s-video cable for sound. (though an SPDIF mod has been found)
Nonetheless Nintendo's original plan didn't happen. Real digital A/V cable was never released.

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