4 ms·
That's not an example of a market inefficiency. It's an example of Amazon having a structural advantage that allows it to be profitable at a lower cost to consu
by workthrowaway27 9y ago
That's not an example of a market inefficiency. It's an example of Amazon having a structural advantage that allows it to be profitable at a lower cost to consumers.
- azernik 9y agoThe market inefficiency being referenced was not Amazon coming in; it was the existing producers keeping their prices above fair market value by gentleman's agreement.
- workthrowaway27 9y agoIf they're both going to go out of business by cutting prices then the prices are already at fair market value.