And here I thought Nexon was just being cheeky

And here I thought Nexon was just being cheeky - Printable Version

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And here I thought Nexon was just being cheeky - Zelkova - 2011-09-01

An excerpt from my "Understanding Business, 9th Edition" book from my Business and Electronics class.

Understanding Business, 9th Edition Wrote:How Free Markets Work

A free market is one in which decisions about what and how much to produce are made by the marketby buyers and sellers negotiating prices for goods and services. You and I and other consumers send signals to tell producers what to make, how many, in what color, and so on. We do that by choosing to buy (or not to buy) certain products and services.

For example, if all of us decided we wanted T-shirts supporting our favorite baseball team, the clothing industry would respond in certain ways. Manufacturers and retailers would increase the price of those T-shirts, because they know people are willing to pay more for the shirts they want. They would also realize they could make more money by making more of those T-shirts. Thus, they have an incentive to pay workers to start earlier and end later. Further, the number of companies making T-shirts would increase. How many T-shirts they make depends on how many we request or buy in the stores. Prices and quantities will continue to change as the number of T-shirts we buy changes.

The same process occurs with most other products. The price tells producers how much to produce. If something is wanted but isnt available, the price tends to go up until someone begins making more of that product, sells the ones already on hand, or makes a substitute. As a consequence, theres rarely a long-term shortage of goods in the United States.
(Nickels, William. Understanding Business, 9th Edition. McGraw-Hill Learning Solutions, 2009. p. 36).

And this part should be made a notice every time you enter the FM

Understanding Business, 9th Edition Wrote:How Prices Are Determined

In a free market, prices are not determined by sellers; they are determined by buyers and sellers negotiating in the marketplace. A seller may want to receive $50 for a T-shirt, but the quantity buyers demand at that high price may be quite low. If the seller lowers the price, the quantity demanded is likely to increase. How is a price determined that is acceptable to both buyers and sellers? The answer is found in the microeconomic concepts of supply and demand.
(Nickels, William. Understanding Business, 9th Edition. McGraw-Hill Learning Solutions, 2009. pp. 36 - 37).

And here I thought Nexon was just being cheeky - Nalek - 2011-09-01

..you didnt know this before?

And here I thought Nexon was just being cheeky - Kalovale - 2011-09-01

I wonder why everybody and their mom went to hunt Angelic Blessing Ring recipe.

And here I thought Nexon was just being cheeky - Born2BeMild - 2011-09-01

That's why I don't go to the FM a lot, most sellers are not willing to lower their prices, and expect someone to buy it.

And here I thought Nexon was just being cheeky - Shidoshi - 2011-09-01

And the news are?

And here I thought Nexon was just being cheeky - ShinkuDragon - 2011-09-01

stupid gold heart sellers not agreeing to my monopoly!

And here I thought Nexon was just being cheeky - Luxeraph - 2011-09-01

<< Doesn't get it (aside from the demand supply concept).

And here I thought Nexon was just being cheeky - Fiel - 2011-09-01

What's the surprise here? The FM is about as free as markets can be in a video game economy.

And here I thought Nexon was just being cheeky - Zelkova - 2011-09-01

Fiel Wrote:What's the surprise here? The FM is about as free as markets can be in a video game economy.

Not a surprise so much as a misunderstanding. I never understood the reason why Nexon named it the free market.

And here I thought Nexon was just being cheeky - Dual - 2011-09-01

[COLOR="#008000"]If this is true, how come no matter how many times we ask for more customer service, Nexon doesn't seem to produce any more of it.

:V[/COLOR]

And here I thought Nexon was just being cheeky - Luxeraph - 2011-09-01

Zelkova Wrote:Not a surprise so much as a misunderstanding. I never understood the reason why Nexon named it the free market.

It sounded better than marketplace?

And here I thought Nexon was just being cheeky - Fiel - 2011-09-01

DualReaver Wrote:[COLOR="#008000"]If this is true, how come no matter how many times we ask for more customer service, Nexon doesn't seem to produce any more of it.

:V[/COLOR]

Customer service, to most businesses, is an expense and not a possible revenue stream. Nexon's goal is to spend as little as possible on customer service to keep people playing as to maximize profit.

And here I thought Nexon was just being cheeky - Spaz - 2011-09-01

Zelkova Wrote:Not a surprise so much as a misunderstanding. I never understood the reason why Nexon named it the free market.

It's probably supposed to be flea market. That would easily explain it.

And here I thought Nexon was just being cheeky - HighOnMushrooms - 2011-09-01

Spaz Wrote:It's probably supposed to be flea market. That would easily explain it.

And here I thought Nexon was just being cheeky - Holypie - 2011-09-01

Korean pronunciation?

And here I thought Nexon was just being cheeky - Devil - 2011-09-01

The free market in Maple is free but not a market, since it consists mostly of illegal corporations (Gachapon) that are funded with black money (Gold buyers).

Besides that, if you would compare it to real life, God (Nexon) would exist physically on earth and would sell everything people want for money, and since he is all mighty he can create whatever he wants. Also he has a monopoly on it.

Don't apply real life economics on Maple, it just doesn't work, because in maple (unlike IRL) the almighty creator / god is participating in it's own creation.

Capiche?

And here I thought Nexon was just being cheeky - Five Second Pose - 2011-09-02

Devil Wrote:The free market in Maple is free but not a market, since it consists mostly of illegal corporations (Gachapon) that are funded with black money (Gold buyers).

so basically business as usual

And here I thought Nexon was just being cheeky - GMSInfighter - 2011-09-02

This thread needs more Wibbbawibbawibbawub.

And here I thought Nexon was just being cheeky - ShinkuDragon - 2011-09-02

Rayquaza2233 Wrote:so basically business as usual

don't forget illegal manufacturers (dupers)

And here I thought Nexon was just being cheeky - Mibs - 2011-09-02

I appear to be proficient at the art of microeconomics then.