StatusNethttp://status.hackerposse.com/api/statusnet/conversation/105188.atomConversation2024-03-29T11:48:55-04:00http://activitystrea.ms/schema/1.0/notetag:social.systemreboot.net,2016-10-12:noticeId=101909:objectType=noteNew note by solariiknight!<a href="http://eduposse.org/group/77/id" class="h-card u-url p-nickname group" title="Today I Learned... (til)">til</a> about lemon market - when a buyer is uninformed or has no means to know about the quality of a product he/she is more willing to pay only the average price of a high quality product (peach) and a low quality product (lemon). This drives away high quality good producers and results in a market of inferior quality products (lemon market)<br /><a href="https://en.m.wikipedia.org/wiki/The_Market_for_Lemons" title="https://en.m.wikipedia.org/wiki/The_Market_for_Lemons" rel="nofollow noreferrer" class="attachment">https://en.m.wikipedia.org/wiki/The_Market_for_Lemons</a>http://activitystrea.ms/schema/1.0/post2016-10-12T03:21:43+00:002016-10-12T03:21:43+00:00http://activitystrea.ms/schema/1.0/personhttps://social.systemreboot.net/user/6solariiknightElectrical engineer pretending to know a lot about computers. OSM mapper, free software advocate, runner, cyclist. A wanderer exploring … solariiknightதோட்டக்காரன்(gardener)Electrical engineer pretending to know a lot about computers. OSM mapper, free software advocate, runner, cyclist. A wanderer exploring … homepagehttps://solariiknight.orgtruehttps://social.systemreboot.net/conversation/55493