Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Austrian Economics, a lens on everyday reality -- Ignore unavailable to you. Want to Upgrade?

To: Wildstar who wrote (270)	11/10/2003 8:41:29 PM
From: Don Lloyd	Respond to of 445

Wildstar, If widgets are made from copper, a non-specific factor of production, and unobtanium, a specific factor of production, the supplier of widgets will bargain with the suppliers of copper and unobtainium to buy at the lowest price possible. For the purposes of this discussion, it is only the specific factor obtainium that is bargained for. The other factor prices are market prices set by the marginal buyer and potentially enforced by competition in general. With this proviso, I think you're very close overall. Regards, Don