Markets and prices exist precisely due to imperfect information. Do you know all the resources that go into making a product? Probably not. This is pretty basic

Markets and prices exist precisely due to imperfect information. Do you know all the resources that go into making a product? Probably not. This is pretty basic economics: http://www.economist.com/blogs/freeexchange/2007/04/the_power_of_prices http://www.economist.com/blogs/freeexchange/2007/04/the_powe...