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by hkmurakami 3670 days ago
Intriguing. As a thought experiment, if San Francisco organizes a farmers market for Tomato farmers and city residents but stipulates that prices must be fixed at $2 per tomato, is that no longer a market by the economic definition, now that price discovery has been taken away?
2 comments

Depends on if you're buying from 'the farmers market' or if you're still shopping amongst individual--but price fixed--farmers.
It would be a fixed market, not a free market.