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fc417fc802 • yesterday at 8:47 PM • 0 replies • view on HN

Okay but think this through all the way. Either the marginal suppliers are the vast majority of the supply with the highly profitable ones being low volume or else the marginal suppliers go out of business, the price crashes, and the previously profitable suppliers are the new marginal ones. Rather than a spherical horse in a vacuum the reality we currently enjoy is dependent on various barriers to entry (ie inefficiencies).