Only if all sellers refused to sell is harm incurred.
Refusal by any seller harms free markets by increasing transaction costs for market participants. Markets with high friction cannot be free markets because supply and demand cannot operate to properly price goods.
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"Clearly, the penguins have finally gone too far. First they take our hearts, now they’re tanking the global economy one smug waddle at a time. Expect fish sanctions by Friday."
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Date: 31/10/11 17:40 (UTC)Refusal by any seller harms free markets by increasing transaction costs for market participants. Markets with high friction cannot be free markets because supply and demand cannot operate to properly price goods.