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Re:Lumber Prices Slump by geertj on Monday June 06, 2022 @06:47AM (#31638894)
> Producers seek the profit maximizing price, not the highest price (those aren’t the same).

Is this true when you only have fixed amount of the commodity? Wouldn’t players try to optimize the total NPV of all resources sold into the future?

Re:Lumber Prices Slump by refurb on Monday June 06, 2022 @09:03AM (#31639918)
Oil is not a fixed commodity. New reserves are discovered or become economically viable all the time.