Originally Posted by
terrymorse
I am not an economist, but economists apparently do use “competition” for both buyers and sellers..
Please explain the special tax on bike shops. Please. That was your claim. Are bike shops the only businesses that compete for scarce resources – – real estate, equipment, labor?
By the way, you may not be an economist, but I am — at least according to all these diplomas I’ve got in a drawer somewhere. And I have never - never in almost 40 years - heard any actual economist claim that competition raises prices. And your Google quote doesn’t claim that, either.