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>> Any distortion of that market would have deleterious effects somewhere in the chain. Regulation, collusion, and asymmetric information all seem to be "disto
by Hannan 12y ago
>> Any distortion of that market would have deleterious effects somewhere in the chain.
Regulation, collusion, and asymmetric information all seem to be "distortions" we're dealing with today; "The market pays what the market allows" seems to be an oversimplification as we're not operating in a free market.