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To: Art Bechhoefer who wrote (102241)	5/15/2001 10:36:27 AM
From: Don Lloyd	Read Replies (2) \| Respond to of 436258

Art - ...If two buyers enter the market, and only one knows the price range of the product, only that person can make an intelligent buying decision. ... I haven't a clue as to what an intelligent buying decision has to do with it. If you offer me a widget for $3 all I need to know is whether I prefer the widget to the $3, strictly from my own point of view. Whether your cost is $0 or $1000 is of interest to you, but does not necessarily affect me. In your previous post, you inadvertently tried to define a free market and actually described a liquid market. Free markets are not necessarily liquid and liquid markets are not necessarily free. There is also no reason why a free market cannot consist of a single seller and a single buyer. Regards, Don