Unfortunately, people naively assume all markets behave like this, even when the market, in reality, is not set up for full competition (due to monopolies, monopsonies, informational asymmetry, etc).

And AI is currently killing a bunch of markets intentionally: the RAM deal for OpenAI wouldn't have gone through the way it did if it wasn't done in secret with anti-competitive restrictions.

There's a world of difference between what's happening and RAM prices if OAI and others were just bidding for produced modules as they released.