2 ms·
Yes, but it's a deadweight loss, waste that provides no value to anyone. It's a breakdown of trust leading to market failure. It would be better if the waste wa
by kolpa 9y ago
Yes, but it's a deadweight loss, waste that provides no value to anyone. It's a breakdown of trust leading to market failure. It would be better if the waste was converted to economic profit and the difference split between vendor and client.
- pishpash 9y agoCompetition will solve that. It becomes a problem when you have no effective alternative.