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There are only a fixed number of Toyotas. A monopoly is a market with a single seller, not a market with inelastic supply.
by yummyfajitas 11y ago
There are only a fixed number of Toyotas.
A monopoly is a market with a single seller, not a market with inelastic supply.
- kyllo 11y agoThere are only a fixed number of Toyotas. In what universe? In the one I live in, the number of Toyotas is steadily increasing as a function of time.
- loco5niner 11y agoIf we're arguing based on time, we might as well say that the tides are changing the amount of land available in any given geographical region. The only difference is scale (i.e. Toyota won't be putting out new vehicles forever)