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by rachellaw
4487 days ago
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any inelastic demand markets will not follow that model. tournament-systems rely on incredible elasticity of demand so any small change will cause ripple of larger magnitude (i.e. if a new VC joined in the supply of VCs, it will cause 1000x more startups to be funded in order of magnitude) Equity/stock traders is one of them because of legislation that fixes the commission price per lot (so the banks cannot really use information asymmetry as an advantage) Not all banking is as profitable as people think it is |
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