4 ms·
I’m not sure drugs are that perfect of a market. The buyer doesn’t really have visibility into price/quality across sellers and drug buyers are not always ratio
by moorhosj 7y ago
I’m not sure drugs are that perfect of a market. The buyer doesn’t really have visibility into price/quality across sellers and drug buyers are not always rational, two conditions for perfect competition.[1]
Actual economics is far more complex than the simple supply/demand curve taught in 101 classes.
[1] https://en.m.wikipedia.org/wiki/Perfect_competition https://en.m.wikipedia.org/wiki/Perfect_competition
- luckylion 7y agoSure, it certainly won't immediately adjust perfectly, but when authorities close some route or bust a large shipment, there will likely be some price change because of limited supply, increased risk (and cost) for transportation, right. It's not like drug buyers will just say "oh, you don't have any this month? okay, see you in six weeks".