radish;462695 Wrote: 
> .....Commodities end up being priced according to cost because of
> competition..

Really? I think the opposite is true, costs of production and supply
rarely influence commodity prices.

It's because of the nature of a commodity product, the source (and
production cost) is mostly irrelevant. In a free market, the price is
set by the market (interaction of buyers and sellers, supply and
demand).

You may not understand what a commodity is. Few (if any) of the things
you mentioned would be regarded as subject to commodity pricing effects.


-- 
Goodsounds
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