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In my mind what you call "company selling 101" is just a legal, high level form of profiteering.
by thisishugo 14y ago
In my mind what you call "company selling 101" is just a legal, high level form of profiteering.
- 6ren 14y agoIt's an auction. Profiteering (price gouging) applies to commodities, which already have a market price. Not even really zero-sum, because selling it to the person valuing it the most (to whom it is most useful) does create value. But it's not as satisfying as making something that never existed before.
- ucee054 14y agocommodities, which already have a market price Balls. Go to a commodity exchange and you know how you find the price? The last price paid at auction. Sometimes the negotiation is disguised, using an order book or dealer system. But sometimes they even explicitly run a call auction. All Wall Street is is a continuous auction house. All Supply/Demand is is a continuous auction.
- deleted 14y ago[deleted]