45 ms·
I had never thought of it in those terms but come to think of it... (dons economist hat) yes... this is likely one of the few scenarios in which a higher price
by qubex 7y ago
I had never thought of it in those terms but come to think of it... (dons economist hat) yes... this is likely one of the few scenarios in which a higher price might actually drive up utility (and not the other way around, where market conditions of low competition combined with high utility get exploited by monopolists to drive up price). Very interesting, thank you for that insight. The higher price would make it more exclusive and thus drain the cesspool.