4 ms·
If everyone has $1000 to spend on bread, bread seller can charge $1000 without losing sales.
by anamax 5y ago
If everyone has $1000 to spend on bread, bread seller can charge $1000 without losing sales.
- atdrummond 5y agoOnly if there’s a bread cartel. Otherwise it’ll sell at a much lower equilibrium price, as anyone who can undercut him will take all his sales while still profiting (as marginal cost of additional bread production is well below $1000).
- anamax 5y agoThere's always a bread cartel. In this case, what fool would make bread when they can get $1000 by sitting around and smoking weed?