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by happymellon
642 days ago
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> we're stealing her oranges, she didn't agree to be paid this little What are you talking about. If I walk into shop A and buy an orange for 10p, then walk into shop B and buy an orange for 15p, I didn't steal 5p from shop A. |
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"Alice has 40 oranges, and she's willing to part with them for 60p each"
See? Sixty pence.
"If we insist on having Alice's Oranges and Dave's Oranges but only paying 49p each for them"
We're only paying forty-nine pence for Alice's Oranges.
But Alice's price was eleven pence more - we are stealing from Alice
We're trying to determine a single clearing price, the oranges are just an analogy to make it easier to see why we can't choose the lowest price.