alt Hacker NewsEveryone has a different risk/reward tolerance. If your strategy involves risking banana rot to snag that bag, then more power to you. The market will find an equilibrium.
Everyone has a different risk/reward tolerance. If your strategy involves risking banana rot to snag that bag, then more power to you. The market will find an equilibrium.
That is the point, the market will find the equilibrium, which is selling bananas at a market clearing price ($0.50) and make a modest profit on each banana. You can charge $150,000 per banana, but Bill Gates can just go to a different banana stand OR just not buy a banana and now you make nothing.