5 ms·
In Theoryland, which resembles the real world but entirely resides in theory, you could adjust your prices periodically until you slowly integrate to the point
by grenoire 10y ago
In Theoryland, which resembles the real world but entirely resides in theory, you could adjust your prices periodically until you slowly integrate to the point where your profits (or revenues, if you wish) are maximised.
Why this is in Theoryland is because you cannot adjust prices and get feedback so easily in real life. But hey, the logic checks out!