0 sats \ 1 reply \ @SimpleStacker 18 Jun \ on: Stop demonizing working for Profit econ
If the competitive market was working efficiently, there wouldn't be much distinction between the operation of for-profit and non-profit, as any profit would be driven down by competition to the opportunity cost of capital
What you describe is not an "efficient market", is just an over-saturated market, which is inefficient. An efficient market goes both ways: in average, it tends to be as convenient for the offerer as for the buyer.