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Alaska Food Bank's Pickle Surplus
- Susanna Morgan faced a huge pickle surplus at her Alaska food bank while craving fresh produce.
- This mismatch exemplified the inefficiency in food distribution between regions.
Markets Solve Local Knowledge Problem
- Centrally planned economies fail due to the local knowledge problem, lacking access to dispersed information.
- Markets solve this by using prices to communicate how much different people value goods.
Food Banks Use Fake Money Auctions
- Tristan in New Jersey bids with fake money on food like cereal to meet local needs.
- John in Indiana saves allowance for important items, winning auctions by bidding higher.