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re: WWL: Who sets the prices for crawfish in Louisiana? It’s a true mystery
Posted on 3/14/24 at 1:09 pm to CocomoLSU
Posted on 3/14/24 at 1:09 pm to CocomoLSU
quote:
The public/market. That's who sets it ultimately. Because if prices were truly "too high" then people wouldn't buy them and the price would have to come down.
Do people really not understand simple supply and demand principles?
Kind of. But you need a free market for that to be the case. I think the accusation is that there’s collusion among those that sell crawfish.
Price fixing isn’t legal…even if the market is willing to pay the prices.
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