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It's not just information either, it's cost sharing with no incentive to keep costs down. If you have to split a dinner bill with a million people no matter if
by s1artibartfast 2y ago
It's not just information either, it's cost sharing with no incentive to keep costs down.
If you have to split a dinner bill with a million people no matter if or what you order, people will gravitate to the surf and turff. It's the simple answer to the prisoner's dilemma when you have a million players.
PS, demand is infinite in an abstract sense but is still sensitive to price