
WanderingThoughts
WanderingThoughts@europe.pub
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0 posts • 177 comments
China managed to lock up people in their appartement for months during covid. Americans are ready to murder someone if their coffee isn’t ready in time. In a battle of will, who will last the longest?
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.