Buying a widget from this mysterious alien civilization will not cause them to produce one more of it. The fundamental and founding fact of economics is scarcity, so another widget cannot be produced simply because someone would like one. Do you replace everything that is lost to you no matter what?
Never mind the question of just how you are buying this widget....
I don’t really understand the sentence, “In a simplified market, I expect there to be a lowest price at which chickens can be reliably produced at scale (“the Cost”).” It doesn’t sound like something someone trained in economics would say.
In general, as other commenters note, you don’t seem to really take into account marginal factors, the fact that firms are inherently different from one another (even if it’s something like inevitable like location), or how not all industries have the same cost structure.
Markets produce to satisfy demand, and so your conclusion is probably essentially correct, but the reasoning supplied in the post does not really get you there.
Buying a widget from this mysterious alien civilization will not cause them to produce one more of it. The fundamental and founding fact of economics is scarcity, so another widget cannot be produced simply because someone would like one. Do you replace everything that is lost to you no matter what?
Never mind the question of just how you are buying this widget....
I don’t really understand the sentence, “In a simplified market, I expect there to be a lowest price at which chickens can be reliably produced at scale (“the Cost”).” It doesn’t sound like something someone trained in economics would say.
In general, as other commenters note, you don’t seem to really take into account marginal factors, the fact that firms are inherently different from one another (even if it’s something like inevitable like location), or how not all industries have the same cost structure.
Markets produce to satisfy demand, and so your conclusion is probably essentially correct, but the reasoning supplied in the post does not really get you there.