Sundray@lemmus.org to You Should Know@lemmy.worldEnglish · 1 month agoYSK: Regulations don't exist because governments like them...lemmy.worldimagemessage-square9linkfedilinkarrow-up124
arrow-up124imageYSK: Regulations don't exist because governments like them...lemmy.worldSundray@lemmus.org to You Should Know@lemmy.worldEnglish · 1 month agomessage-square9linkfedilink
minus-squareWanderingThoughts@europe.publinkfedilinkarrow-up1·1 month 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 month 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.