Episode 278: Consumers' Hidden Profit
Words & Numbers
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What's the Benefit of a Transaction?
We tend to think that the benefit of a transaction is only on the seller side. And we cannot see very clearly at all the other side, but which is equally real, how much the buyer benefits. You just talked about a machine that will repair people's livers. It's worth far more than he will actually pay even given the elevated cost of healthcare.
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