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>A lot of the theoretical underpinnings about why capitalism is a good system are based on the law of one price. Why? Competition for instance, works fine even
by gruez 10mo ago
>A lot of the theoretical underpinnings about why capitalism is a good system are based on the law of one price.
Why? Competition for instance, works fine even with price discrimination, because bidders will still compete with each other on offering the lowest price.
- deleted 10mo ago[deleted]
- cameldrv 9mo agoIn the context of an oligopoly, normal pricing pressures break down, especially in real world conditions where price fixing is rampant.