2 ms·
This. It even applies in MANY more situations than just this one. TLDR: the vast majority of markets are demand-bound. So if you are producing marginal supply,
by candiodari 9y ago
This. It even applies in MANY more situations than just this one.
TLDR: the vast majority of markets are demand-bound. So if you are producing marginal supply, you're are simply hurting everyone and at best will do as well as the others.
Unless, of course, you cheat, which is what these connections do.
Needless to say, there is a global fiction that everybody seems to believe that this is not true, both on the left and (especially) on the right. It is so ignored on the right that this situation is actually left out of economics education.