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> Pricing serves to tend to allocate them to the place where they will create the most value. No, price just puts a floor on the value creation required. It do
by slg 4y ago
> Pricing serves to tend to allocate them to the place where they will create the most value.
No, price just puts a floor on the value creation required. It doesn’t actually enforce the efficient use of scarce resources. Beyond that floor, higher prices tends to allocate goods to the people with the most money.