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He also confounds costs with prices. Costs are not a significant factor in the prices of market goods - that is dominated by supply and demand.
by megiddo 6y ago
He also confounds costs with prices.
Costs are not a significant factor in the prices of market goods - that is dominated by supply and demand.
- CrazyStat 6y agoThe supply curve is determined to a large extent by costs, so this doesn't seem like as very helpful nitpick.