Isn't this just market participants in action?
I mean, the economic dogma is that in an efficient market, prices fall to the marginal cost of production, but not all markets are efficient in the economic sense. Why shouldn't a firm take advantage of that inefficiency?
Isn't this just market participants in action?
I mean, the economic dogma is that in an efficient market, prices fall to the marginal cost of production, but not all markets are efficient in the economic sense. Why shouldn't a firm take advantage of that inefficiency?