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Jiro comments on Market Failure: Sugar-free Tums - Less Wrong Discussion

3 Post author: PhilGoetz 30 June 2016 12:12AM

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Comment author: Jiro 30 June 2016 09:20:38PM *  2 points [-]

"Market failure" in this case means competition has not driven the price down to a socially-optimal level.

If I check out your own source by going to that link, Amazon provides a link to Medique 10133 Alcalak Sugar Free Tablets, 100-Pack, for $10.23. Furthermore, this seller easily found with Google has the same"$30 bottle" available for $4.29.

Comment author: PhilGoetz 01 August 2016 07:29:57PM 0 points [-]

I didn't see that. If you check your source by reading the reviews on the page you linked to, you'll see that Medique 10133 Alcalak Sugar Free Tablets are not, in fact, sugar-free. The label on them says "May contain sucrose."

Comment author: Jiro 02 August 2016 04:13:46AM *  0 points [-]

Okay, so even if Medique doesn't count, I gave three links containing cheap sugar-free antacid tablets, including two brands. I don't see how this is a market failure; the product is clearly available for a reasonable price.

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