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Another problem with this post , is that it goes under the assumption that prices in a competitive market becomes the marginal cost. but price in the competitiv
by ippisl 17y ago
Another problem with this post , is that it goes under the assumption that prices in a competitive market becomes the marginal cost. but price in the competitive market goes towards the marginal costs. there's still some profit margin even in competitive businesses like walmart , commodities markets, netbook markets .
- kiba 17y agoIt is talking about digital goods, not physical goods like walmart, oil, netbook, etc. Also, from what I understand, Masnick does understand that prices in a competitive market will go toward marginal cost.