Re:Emails From Schmidt And Sergey Brin Show Agreements Not T...
by brianchu on Sunday March 23, 2014 @09:31PM
(#7456172)
TheCoelacanth is looking at the market over the short and medium term, which is the correct way to look at it if we're arguing over whether there is a shortage today.
Furthermore, it's not like quantity supplied is perfectly responsive to price. It takes time for new people to enter the industry.
Talking about the long-term is rather pointless because technically, from a theoretical standpoint, everything is supposed to equilibriate over the long term. All shortages self-correct over the long term. Again, this is theoretical.
Furthermore, it's not like quantity supplied is perfectly responsive to price. It takes time for new people to enter the industry.
Talking about the long-term is rather pointless because technically, from a theoretical standpoint, everything is supposed to equilibriate over the long term. All shortages self-correct over the long term. Again, this is theoretical.