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Surely though, when there are more traders in the marketplace selling the same thing, the price will be lower due to competition? In cases like this the prison
by clort 9y ago
Surely though, when there are more traders in the marketplace selling the same thing, the price will be lower due to competition?
In cases like this the prison farm can always afford to sell at the lowest price since they don't have the same costs as others..
- mathattack 9y agoExactly - as the low cost producer, they can drive prices down. Everyone pays the same "market" rate. And they can bid up supply costs.