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Over the extremely long term in competitive industries, prices asymptote at ~costs. So it's still a generally useful measure, and in ~all cases, it's at least a
by 55555 2y ago
Over the extremely long term in competitive industries, prices asymptote at ~costs. So it's still a generally useful measure, and in ~all cases, it's at least a directional indicator.
- tempfile 2y agoWhy would the extremely long term be a useful measure, when we have no way to know how long that will take to happen, and no way to know what will happen in the meantime to disrupt it?
- IshKebab 2y agoSure but currently this is not a competitive industry because nobody else can do this.