Re:Berkshire Hathaway Code of Business Conduct and Ethics [pdf]
by forgotmysn on Friday May 12, 2017 @02:45PM
(#14326693)
but we're talking about a monopoly. a market inefficiency only occurs if there is competition, a more efficient alternative.
http://www.investopedia.com/terms/i/inefficientmarket.asp
It's not that they started producing more units, it's that some folks (the ones using the drugs) were taking advantage of a market inefficiency (the insufficiently low price) which when corrected, meant greater returns for Shkreli et al.
Just as when a "retail" day trader hits on a system that enables them to make a large amount of money, they're taking advantage of an inefficiency, and, in a way, helping to correct it.
It's not pretty, but being ugly doesn't make it inaccurate.