i knew there was a reason i got out of bed and went to econ this morning...
Referring to the supply and demand curves of crack dealers:
"If you look at the less competitive market, you can expect an equilibrium price of about $400 for crack. In the more competitive market you can probably expect them to rip you off for about $800 a bag. Of course this is just the fixed cost. I haven't even factored in the added cost of say, the crack pipe or roach clip to smoke it with, not to mention the opportunity cost of a job, family and a healthy heart."
Later...
"Crack might be kinda fun, but I'm not an addict.."
wow.
"If you look at the less competitive market, you can expect an equilibrium price of about $400 for crack. In the more competitive market you can probably expect them to rip you off for about $800 a bag. Of course this is just the fixed cost. I haven't even factored in the added cost of say, the crack pipe or roach clip to smoke it with, not to mention the opportunity cost of a job, family and a healthy heart."
Later...
"Crack might be kinda fun, but I'm not an addict.."
wow.