3 ms·
That still means efficiency is lost. E.g. the market might fluctuate between non-optimal state. And then again in case monopolies build up, then there is no ea
by kohlerm 6y ago
That still means efficiency is lost. E.g. the market might fluctuate between non-optimal state. And then again in case monopolies build up, then there is no easy way to get out of a suboptimal state, because there are no real opportunities for someone else.