Earlier quoted context omitted.
> don't want the money you're willing to pay You could run this same critique against any bid after the first bid, because it's lower than the amount they were willing to pay. The consequence of your argument is that all auctions are immoral. In reality, prices are negotiated between a field of willing suppliers and purchasers. There will almost always be some "producer surplus," some amount producers get beyond thei…
No, you could not. I can do it cheaper is distinct from I can do it for free.
Why? I don't understand why these aren't just other prices.
I'm not trolling, I'm asking for clarification. It's like you just said to me "3 is a number but 0 is not a number." I literally don't understand your position.
Also is $1 free in this context?
Note I'm responding to your critique of the low bid, you said the reason it was bad was because you're taking less than they're "willing" to pay. If that's really your justification, it would apply to non-free bids as well. Maybe that's not your actual justification though...
Sorry if we're talking past each other. My perspectives on this are highly shaped by my experiences with economics courses, especially micro. Really recommend working through some of that material, which can be found free online. It might change the way you look at the world: http://ocw.mit.edu/courses/economics/14-121-microeconomic-th...