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Also, profitability won't materialize in an environment with so many competitors offering comparable products. Perfect competition destroys profit. The good bec
by bparsons 2y ago
Also, profitability won't materialize in an environment with so many competitors offering comparable products. Perfect competition destroys profit. The good becomes a commodity, and the price people will pay simply becomes the marginal cost of production (or in this case, less, while the dumb money is still chasing the hype).