Estimating Terminal Cap Rates

[Howard Klahr]

Whose basic economic theory?

Here is a graphic image describing my point

Economic Analysis for Business Decisions

This course is focused on behavior of individual markets -- and the producers and consumers that sell and buy in those markets -- in some detail, focusing on cost analysis, the determinants of market demand, pricing strategy, market power, and the implications of government regulatory policies. Exctly ther topics we have been been addressing.

a market is buyers and sellers meeting at a price. It doesn't say sellers sit around hopeless waiting for a buyer to set a price.

Doesn't this comment describe the current state of many markets around the country today?