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In a more normal market with fixed supply, such as rent control, that's true. Much less so in a monopoly market with largely intellectual property.
by ajsharp 6y ago
In a more normal market with fixed supply, such as rent control, that's true. Much less so in a monopoly market with largely intellectual property.
- metiscus 6y agoIt's not just intellectual property - it's a capital intensive bioengineering project with probably a half billion or so capex and even more for an outsider to bootstrap.
- ajsharp 6y agoFair enough. Still, there are no supply dynamics here where a price ceiling would cause supply issues.