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Economic theory suggests that changing the output of a single supplier does not affect overall prices in a competitive market like this - that’s very different
by ghufran_syed 7y ago
Economic theory suggests that changing the output of a single supplier does not affect overall prices in a competitive market like this - that’s very different from oligopoly or monopoly situations.
I would highly recommend “Basic economics” by Thomas Sowell for anyone interested in a good overview of these kind of issues (audiobook also available on YouTube, I believe)