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<p>[QUOTE="Tejas, post: 8318964, member: 84905"]Yes it is is - not objectively but subjectively. Some people have made the assessment that the coin above is worth a certain amout of money, which happens to be significantly higher than the price of the coin below and they placed their bids accordingly. There is no arguing with prices. Prices are the true and undisputable manifestation of preference (which is subjective and time-varying).[/QUOTE]</p><p><br /></p>
[QUOTE="Tejas, post: 8318964, member: 84905"]Yes it is is - not objectively but subjectively. Some people have made the assessment that the coin above is worth a certain amout of money, which happens to be significantly higher than the price of the coin below and they placed their bids accordingly. There is no arguing with prices. Prices are the true and undisputable manifestation of preference (which is subjective and time-varying).[/QUOTE]
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