3 ms·
I think "repeal economics" occurs at step 2.5, unless somehow customers can be forced to buy even more at the higher prices than they'd ordinarily want to. Step
by grayclhn 12y ago
I think "repeal economics" occurs at step 2.5, unless somehow customers can be forced to buy even more at the higher prices than they'd ordinarily want to. Step 3.5 is just sound business once you've got the customer base taken care of. :)
(Prices would have to fall if production increased even if there were a single end-to-end monopolist chocolate seller, because the consumers wouldn't want to buy the extra chocolate at the higher price.)