5 ms·
Without accurate an available information, there is no free market. Just lots of betting. "I'm going to buy this great new car. I wonder if it will cost me $15
by standardUser 7y ago
Without accurate an available information, there is no free market. Just lots of betting.
"I'm going to buy this great new car. I wonder if it will cost me $15k or $45k? Can't wait to find out!" Said no market participant ever.
- colejohnson66 7y agoIt’s more like: you get in a car accident and the mechanic forces you to get a new car. The only thing is: you won’t know the price of the car until you receive the dozens of bills for the different steps of manufacturing (one for the steel press factory, one for the leather factory, one for the aluminum factory, one for the person who put it together, one for the factory it was assembled in, etc.) You also can’t find the price of this new car online and the mechanic won’t (or sometimes can’t) tell you.