30 ms·
Seems to be addressed (briefly) here. > Because not all inflation is caused by price-gouging. Some is caused by too little capacity The thesis, restated, seem
by recursive 4y ago
Seems to be addressed (briefly) here.
> Because not all inflation is caused by price-gouging. Some is caused by too little capacity
The thesis, restated, seems to be that an egg monopolist buys up all viable competitors, and then keeps production artificially low. As you note, this causes the market price to increase. In a healthy market, this causes new production to come online. But in this case, allegedly, that is all bought up by the incumbents.