Sundray@lemmus.org to You Should Know@lemmy.worldEnglish · 1 year agoYSK: Regulations don't exist because governments like them...lemmy.worldimagemessage-square29linkfedilinkarrow-up146arrow-down12
arrow-up144arrow-down1imageYSK: Regulations don't exist because governments like them...lemmy.worldSundray@lemmus.org to You Should Know@lemmy.worldEnglish · 1 year agomessage-square29linkfedilink
minus-squareWanderingThoughts@europe.publinkfedilinkarrow-up1·1 year ago wouldn’t buy that brand anymore so they would never do it again Assuming there is perfect information in the market. In reality there is heavy information asymmetry. It also assumes free competition while we have every market dominated by a few players buying up everyone else, often with cartel like behavior.
minus-squareRobust Mirror@aussie.zonelinkfedilinkarrow-up1·1 year agoIt also assumes it is immediately deadly poison, and doesn’t do something like cause early dementia 25 years later.
Assuming there is perfect information in the market. In reality there is heavy information asymmetry.
It also assumes free competition while we have every market dominated by a few players buying up everyone else, often with cartel like behavior.
It also assumes it is immediately deadly poison, and doesn’t do something like cause early dementia 25 years later.