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bananamulch
searching PlanetScale…
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by
bananamulch
8y ago
The loss to consumers and producers combined is both the oracle tax and the deadweight loss. So the lack of efficiency is measured by the deadweight loss, and the optimal amount of deadweight loss is 0. But then again, what if phones have a
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by
bananamulch
8y ago
It's certainly a downside for society, because there are people who otherwise would have purchased android phones that can't afford them because of the oracle tax.