Re: HP : Massive strike and protest march today
From: AEF (spamsink2001_at_yahoo.com)
Date: 2 Nov 2005 19:13:43 -0800
David J Dachtera wrote:
> AEF wrote:
> > David J Dachtera wrote:
> > > [snip]
> > > Remember: "market" price is what people are willing to pay (example:
> > > gasoline). "Fair" price is often what the market would otherwise support
> > > lacking influences which effect the price artificially (examples:
> > > gasoline, OpenVMS licenses, new Alpha machines, housing, ...)
> > There's market price with a monopoly and market price with competition.
> > Then it depends on what you call "influences". Does collective
> > bargaining count as an "influence"? Does your fair definition assume
> > monopoly on either side?
> Your local newspaper's Business section likely carried an article
> (possibly even headlined) about recent announcements by the petroleum
> industry companies of outstanding profits during the recent quarter when
> crude and gasoline-pump prices were peaking.
> I'll let that speak for itself. (Hint: No one U.S. company has a
> monopoly on the U.S. petroleum distillate product market.)
Well, if there were just one big oil company, prices and profits would
be even higher.
Prices are up because demand is up and supply is down or not increasing
fast enough. The price moves in such a way that tends to keep
inventories or shortages from getting excessive.
Note that there are different prices, each under different conditions,
at different stages, which makes things more complicated. Regardless,
in general, the law of supply and demand has a very big say as to what
BTW, you didn't adress my question.
> David J Dachtera
> dba DJE Systems
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