Often my local supermarket sells strawberries at two for $5.00 (or $2.50 each) The catch is that, almost always, half of the strawberries are rotten.
So you’re really paying $5.00 for just one package, which is not really a bargain considering you have to sort through and dispose of half of what you just bought.
From a production and resources viewpoint, half of the production simply becomes garbage. The garbage (rotten fruit) has to be shipped from grower to retailer. The retailer has to pay someone to stock the garbage (rotten fruit) on the shelf. And the consumer has to dispose of the garbage (rotten fruit). And the taxpayer has to pay someone to take the garbage away.
So my question is this: By what economic theory does this circumstance of production, distribution and resale make any sense at all? Why does this same scenario play out at least 10 times a year at my local supermarket? (and not just with strawberries, but with lots of other items “on sale.” And why do I still keep thinking that I’m getting a bargain?