Dessert_All_Day
Member
- Joined
- May 26, 2016
- Messages
- 406
Ar e you sure you know what you are talking about? No economist would call two people bidding on a plot of land cooperation. Partnering up and buying the land together would be cooperation. There are no semantics involved.
It's "price competition," but it's cooperation in that it's taking place in a western market-based democracy and not under, say a socialist dictatorship. This is Econ 101, folks.