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If people are willing to pay that, it's the market price.
by paulgb 14y ago
If people are willing to pay that, it's the market price.
- MMXII 14y agoNo, this is price discrimination. There are _some_ people willing to pay more to have it. It doesn't represent that the aggregate demand is at this price.
- ISL 14y agoIt may not be the optimal point on the supply-demand curve, but if supply is limited, then the price is whatever people are willing to pay.
- stickfigure 14y agoDo we have any evidence that people are actually paying that price?