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If you can't buy them, the price is infinite. But once he starts importing them, you can buy them in the USA, and the price drops to a finite level.
by oofabz 11y ago
If you can't buy them, the price is infinite. But once he starts importing them, you can buy them in the USA, and the price drops to a finite level.
- WalterBright 11y agoWhen I was a kid in Germany in the early 70's, some types of American candy weren't available. But some of the kids had friends in the US who'd send them boxes of the stuff, and kids made pocket change by reselling the stuff to their friends at school. It's an age-old practice, not really a new idea.
- reagency 11y agoInfinity is not a real number, it is a name for a concept that means no real number is large enough. But actually, the cost of Japan candy was approximately a plane ticket and a week of time. But its still not arbitrage because the concept of arbitrage is based on the existence of a market with information assymetry leading to price errors, not introducing an efficiency to a production system.