Re:Team wants to sell lab grown meat in five years (2015)
by foota on Monday November 14, 2016 @03:15AM
(#12948292)
One nitpick (was going to be two, but I mentally nitpicked my own nitpick) economic theory suggests that if the artificial meat industry had a decreasing long run marginal cost with increasing quantity then the price could actually decrease as a result of greater demand.
Also, that only works if it has competition, otherwise, if it were that popular and there were no competition the producer would have good reason to raise the price knowing the market could bear it.