4 ms·
Unlike commodities, there is no upper bound on the utility of health: people would pay as much as they can afford to have their health. Hence there's no rationa
by srockets 6y ago
Unlike commodities, there is no upper bound on the utility of health: people would pay as much as they can afford to have their health. Hence there's no rational (as we define the term in economic theories) reason to aim for lower prices, regardless of costs.