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bobkazamakis | 3 years ago

>It is normal because most labor sellers are not able or willing to sell their labor at a higher price to a different buyer.

In order to sell at a high price, someone else must be buying...

This market maker analogy really isn't a win.

discuss

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lotsofpulp|3 years ago

That is covered under “are not able to sell”.

And it is not a market maker analogy, it has nothing to do with market making.

The point is, the buyer dictating price is “normal” because sellers often are not in a position to turn down the offer, whether it be due to them not having an option or not being willing to take a risk.