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To: TimF who wrote (183406)2/3/2006 2:42:46 PM
From: Road Walker  Read Replies (1) | Respond to of 186894
 
re: Governments becoming the only customer is not a market operation whether or not it is more efficient.

Sure it is.

re: Also lowest cost for the customer is not the same as most efficient. More efficiency usually results in lower prices, but low prices don't have to be the result of greater efficiency. They could represent such things as declining demand or market manipulation. Price controls can result in lower prices, but they aren't examples of economic efficiency.

You are nit picking again. Yes low prices can result from a lot of different things... but efficient markets are one of those things.

John