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Which is exactly how I would expect it to work. Now if producers expect prices to remain high, or for there to be repeated spikes in price, I would expect the $
by merely-unlikely 4y ago
Which is exactly how I would expect it to work. Now if producers expect prices to remain high, or for there to be repeated spikes in price, I would expect the $1, $2, $3, and maybe $4 producers to invest in additional production or storage over time to capture additional marketshare and thereby profits. Of course the "over time" part is important since that process can't happen overnight and is constrained by labor and components.