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by bobkazamakis
1235 days ago
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>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. |
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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.