Re: Why there will never be a rake war (longwinded)
I guess we'll have to agree to disagree on this point. I do appreciate the reply. One point I would like to clarify (not to get the last word in): I did not mean to imply market forces were not at work here. I think they are -- you are right. It's just that certain economic assumptions about what occurs to create a price war are not met. My argument is not so much "economic forces don't apply" as "certain traditional (academic) economic theoretical assumptions don't apply." (I'm sure you see the difference.)
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