Comment Comment by grumbelbart2 It's one of those "imagine a frictionless, perfectly spherical pig in a vacuum" theories that don't survive contact with reality.Buyers don't just pop up on timestamp zero and remain unchanged. They anticipate price changes, potential new buyers come in, the market is dynamic.I also don't understand why this only affects monopolies. The same logic should dictate that all products and services fall towards MC? parent grumbelbart2 3 months ago
Buyers don't just pop up on timestamp zero and remain unchanged. They anticipate price changes, potential new buyers come in, the market is dynamic.
I also don't understand why this only affects monopolies. The same logic should dictate that all products and services fall towards MC?