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They could only do that by cornering the market, but if there are many competitive scalpers, then the price is right and that's just normal supply (at the sourc
by pishpash 5y ago
They could only do that by cornering the market, but if there are many competitive scalpers, then the price is right and that's just normal supply (at the source supplier, not the scalper) and demand.
- esyir 5y agoExcept that your markets are not perfect, your scalpers have overhead and now represent a middleman who wants their cut.
- pishpash 5y agoIf the buyers could participate in a bidding market directly at the supplier, there would be no need for this overhead. The overhead you speak of is the cost of running a liquid market for a particular good where none existed.