Karl Marx’s ”Capital” Vol. 3 (Part 2/10)
Theory & Philosophy
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The Average Price Is Determined by the Worst Fields
An average price really serves as ano developed with gradual trade, would be the easy answer. And the difficulty here lies is that we're confronted with this chicken and egg situation. We need upon ire, sorry, we needn't agreed upon base line to allow trade to occur in the market because otherwise we wouldn't have any kind of common ground to have trade happen. So like with what ricardo says about rent, prices determined by the most difficulta faculty laden enterprises if there is high demand.
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