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Intermediate

Economics of Post-Scarcity

#economics #theory #post-scarcity #market-dynamics

Theoretical modeling of market dynamics when production costs approach zero.

Construct a theoretical economic model for a society where physical goods can be replicated at near-zero marginal cost due to advanced automation and molecular assembly. Analyze how traditional market mechanisms such as supply, demand, and price allocation would function or fail in this environment. Discuss the theoretical shift in value from tangible goods to intangible assets like creativity, reputation, and intellectual property.