4 ms·
As I get older, I’m increasingly skeptical of the idea that many markets are competitive. There’s so much overhead to so many businesses, plus heavy use of pric
by dap 5y ago
As I get older, I’m increasingly skeptical of the idea that many markets are competitive. There’s so much overhead to so many businesses, plus heavy use of price discrimination — it doesn’t feel like a lot of the stuff I buy comes from a competitive market. (I’m sure less likely to notice the stuff that is.)