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> If there are two ice cream vendors at the park, and the park charges one ice cream vendor a $350/day license and the other one doesn't have to license itself
by MangoToupe 1y ago
> If there are two ice cream vendors at the park, and the park charges one ice cream vendor a $350/day license and the other one doesn't have to license itself at all, has the "market" decided that the unlicensed business is superior?
I don't know about "superior", but they're certainly going to sell more ice cream.
- tstrimple 1y agoIt has nothing to do with how much ice cream they sell. You cannot determine who would sell more ice cream based on who pays a license fee and who doesn't. What you can say is that the profits from the licensed vendor will be lower because of higher operating costs if they sell the same amount.