🚀 go-pugleaf

John Navas wrote:
> >Every business works that way.  There is a market price for potatoes
> >which is the equilibrium reached in the marketplace between the highest
> >cost producer necessary to satisfy demand, and the highest price
> >consumers are willing to pay.
> >
> >If you are able to produce potatoes for less, you pocket the
> >difference.
> 
> In a functional commodity market, price equilibrium is reached at the
> _lowest_ price that producers are willing to accept (and the highest
> price that consumers are willing to pay).

You are confusing two distinct concepts of pricing.  First is the lowest
price that *each* producer is willing to accept and the highest price
that *each* consumer is willing to pay.  

Second is the price at which there is a balance between the highest of
those lowest individually-acceptable producer prices and the lowest of
those highest individually-acceptable consumer prices.

In essentially any market, there is a mix of producers and consumers
willing to sell or buy at different prices.  Once a balance is struck in
the marketplace and a single market price is reached, some producers are
selling at a higher price than they were willing to sell, and some
consumers are buying at a lower price than they were willing to buy.