Episode 278: Consumers' Hidden Profit
Words & Numbers
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What's Going on on the Seller's Side?
There's a symmetry and an asymmetry. What's going on on the seller side is also going on on your the buyer side. The difference between the maximum you're willing to pay and what you actually paid. People can very clearly see that profit that the seller made because we measure it. It's right there written on paper.
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