Saturday Morning Breakfast Cereal by Zach Weinersmith for June 14, 2016
June 13, 2016
June 15, 2016
Transcript:
The law of one price states that the price of a commodity is the same everywhere. Oh my God I have so much power. Don't do it! You can't stop me! Please! I am selling this grain of rice for $1,000! Nooooooooo! Famine ravages Asia!
If everyone sells rice at the same price, and agrees to not undercut each other in a bidding war, you know, as in “price fixing,” you can actually make a profit at it. Obscene.