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What is missing in this analysis of prices?

by F. Bailey Norwood

Economics describes prices being less than buyers' value and greater than sellers' cost, and where price resides between that upper and lower bound is determined by their relative negotiating power. Is this reflected in The League? What central features of supply and demand, and price negotiation in general, is it missing?

The League on price determination

Economics describes prices being less than buyers' value and greater than sellers' cost, and where price resides between that upper and lower bound is determined by their relative negotiating power. Is this reflected in The League?

from The League (Season 3, Episode 8) (2012)
Creator: FX Productions
Distributor: 20th Television
Posted by F. Bailey Norwood
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