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You can't compare if you don't know the cost, if you can't compare it is hard for the invisible hand to price the market. Price transparency makes more efficie
by sitkack 5d ago
You can't compare if you don't know the cost, if you can't compare it is hard for the invisible hand to price the market.
Price transparency makes more efficient markets.
- andrepd 5d agoIt's amazing how people neglect this basic fact. Free markets already often don't work in practice. But they don't even work in theory if both parties do not have at the very least the same information in order to base their decisions. These sort of scam tactics (like dynamic pricing) are simply fraud, much like hiding problems in a car or a house you sell.
- cjf101 5d agoSeattle should do restaurants next, the number of places with %fees tacked on that aren't tips and aren't optional, just so they don't end up having $20+ entrees on the menu is growing steadily.
- OptionOfT 5d agoThis issue exists everywhere in the USA. Go check the price for a movie ticket. At the end they slap on an additional fee. Why can't they show the fee included in the main price? I went to the Verde Canyon Railroad, when gas prices were really low. Still a fee for higher gas prices on the receipt...