4 ms·
Um what? Are you really asserting that suppliers should be able to set prices as high as possible for a fundamentally needed good despite the fact that floatin
by comte7092 3y ago
Um what?
Are you really asserting that suppliers should be able to set prices as high as possible for a fundamentally needed good despite the fact that floating the price has no effect on the underlying supply?
Just the epitome of “the market” being the end rather than the means.
- zajio1am 3y agoI am asserting that in conversation about market collusion it is relevant whether such implicit coordination leads to different price level that would be without such coordination. If you have fixed supply, then price as high as possible as demand allows is equilibrium reached even without any coordination / collusion by suppliers, and it is just a question how fast market converges to such equilibrium. Whether there should be social or political reasons for regulating rents is completely different conversation.