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in a world where there are only green houses no red hotels.

March 29, 2008

the biggest regret of this world will have to be its inability to have perfect competition.

no perfect knowledge of information. monopoly jerk up the prices.

people do not choose what they truly want. but something that is approximately what you want.

people do not know what are the choices out there. they choose what are around them.

only when you make your purchases then you know there are better ones out there.

the lack of communication. buyers and sellers have to guess. you have to guess the demand for your goods. you have to approximate your supply for good.

and furthermore you do not gain from showing your demand. and more guessing goes on.


and this will continue till the end of time because perfect competition can never be attained.


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