No trade would happen if both the buyer and the seller didn't they...

 ·  Comment — Michael Michalchik's post  ·  View on Facebook  ·  Markdown source


No trade would happen if both the buyer and the seller didn't they think would benefit from the exchange. So, even if some buyers pay a higher price, they're still benefiting from the transaction. And some buyers wouldn't be able to afford the product at all if there was a single fixed price.