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Converting externalities into profit isn't necessarily taking advantage of market failures. It may just be _creating_ market failure and taking advantage of the
by tomkarlo 13y ago
Converting externalities into profit isn't necessarily taking advantage of market failures. It may just be _creating_ market failure and taking advantage of them.
Let's say all of the restaurants in your neighborhood have to charge extra because of the cost of commercial garbage service. And you start selling food cheaper, because you're putting your garbage into the household trash and passing on the savings. Yes, that's a business, but it's basically just breaking the rules and passing some of the savings on to customers.