Re:In Pursuit of PPE
by anigbrowl on Sunday April 19, 2020 @05:08AM
(#22914550)
Not this BS again. For the nth time, the model of supply and demand you are familiar with depends on perfect competition, which involves transparency, substitutability, and frictionless entry and exit. When those conditions don't exist your idealized economic model will not operate efficiently and may not clear at all.
this is in every economics textbook and students are cautioned about differences between idealized models and real markets, but economic ideologues never seem to read that part.
this is in every economics textbook and students are cautioned about differences between idealized models and real markets, but economic ideologues never seem to read that part.