4 ms·
Unfortunately no, there’s no law of nature which says companies/competitors will appear to serve this kind of function. Mostly bc short term profit maximizatio
by c54 5y ago
Unfortunately no, there’s no law of nature which says companies/competitors will appear to serve this kind of function.
Mostly bc short term profit maximization can be thought of as a greedy optimization which is blind to long term gains. This is why the tragedy of the commons happens