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> The fact that someone else can make $10 doing something doesn't affect my decision to do it for $1. No. http://en.wikipedia.org/wiki/Comparative_advantage h
by bhickey 14y ago
> The fact that someone else can make $10 doing something doesn't affect my decision to do it for $1.
No.
http://en.wikipedia.org/wiki/Comparative_advantage http://en.wikipedia.org/wiki/Comparative_advantage
- anamax 14y agoWe're talking about a situation where the guy making higher profits can't grow, so comparative advantage doesn't apply. In this situation, all new supply is the same - there's no comparative advantage.