2009/2/17 Adrian Stott [email protected] > > In a market, competition eventually results in the price for anything > being just slightly above the cost of provision. > > No it doesn't. Except in GCSE text books and Beginners Guides to Economics. By the time you get to A Level you discover the model is just that, a model. By university, when you start applying maths to the model, you find pricing is somewhat more complicated than the model even hints at.
Steve [Non-text portions of this message have been removed]
