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Yes. This is one of the fundamental teachings of economics. The ideal price is not knowable
by raverbashing 5y ago
Yes. This is one of the fundamental teachings of economics. The ideal price is not knowable
- paganel 5y agoNitpicking here, but it is my understanding that there isn't even a consensus about the existence (or not) of an "ideal price" in economics. Just to make it clear, I'm not an economics major nor do I work in the field, this opinion is just based on my amateurish readings.