From Steve Landsburg in the WSJ: Here’s an economics brain teaser: Apples are provided by a competitive industry. Pears are provided by a monopolist. Coincidentally, they sell at the same price. You’re hungry and would be equally happy with an apple or a pear. If you care about conserving societal resources, which should you buy? […] The post What aspiring economists aren’t being taught appeared first on Marginal REVOLUTION.
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