4 ms·
When I go to the doughnut shop at the end of the day, why are they almost out of doughnuts? It would be possible to produce a lot more doughnuts than that.
by daveFNbuck 8y ago
When I go to the doughnut shop at the end of the day, why are they almost out of doughnuts? It would be possible to produce a lot more doughnuts than that.
- fzeroracer 8y agoWhen I go to the grocery store, why do I see them tossing out tons of perfectly good bread, boxed products etc? Presumably if the free market could reach equilibrium then we would see only as much food produced as necessary, so then food waste should be minimized. Yet that's obviously not the case and we see vast amounts of waste.
- daveFNbuck 8y agoRight. Players in free markets neither maximize nor minimize waste. The goal is to maximize profit.