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ThreeBeanPizza
searching PlanetScale…
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ThreeBeanPizza
4y ago
The answer to the question of paying above market price is market power. When firms have market power beyond perfect competition they adjust prices above the theoretical competitive level where marginal cost = price. A change in supply gene
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ThreeBeanPizza
4y ago
I do not agree with your analogy or theirs. First most people have to drive at some point in their lives. Driving is not a choice we get to make so the associated risks are not something we can deal with. While it is debatable if you can av