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Jun. 13th, 2018 11:30 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
timeletsLet's say, there are a lot of people in the market who are willing to buy bullshit. Does it produce a negative externality? E.g., does this willingness to buy BS affect prices for the real stuff? Or does it just impose search costs on all consumers, so that brands benefit from perceived quality, i.e. reduced search costs?
