3 ms·
I think you might be mixing up monopolies (only one seller) and monopsonies (only one buyer).
by leereeves 9y ago
I think you might be mixing up monopolies (only one seller) and monopsonies (only one buyer).
- dalbasal 9y agoYes, at least that is what I meant by monopsony. There are multiple competing firms, but they all sell primarily to the state. The legal cases syshum mentions resolved in changing the rules of this artificial, state-run market. ..making them better. I don't know where "no-bid" plays into the story, but elon musk testified for fixed-bid as an alternative to cost-plus pricing/bidding.