3 ms·
You are correct, sir! I remember now HN has had this discussion before. However, I think most people would refer to both a Monopsony and Monopoly as the latter.
by stcredzero 7y ago
You are correct, sir! I remember now HN has had this discussion before. However, I think most people would refer to both a Monopsony and Monopoly as the latter.
- kortilla 7y agoNo, that’s not true. People rarely even consider that there is a special term for being the only buyer or controlling all of the buyers. I can’t think of any scenarios where people referred to the military as having a monopoly on the missile market. It doesn’t make sense because it doesn’t even make missiles.
- stcredzero 7y agoI can’t think of any scenarios where people referred to the military as having a monopoly on the missile market. But Farmers being ravaged by middlemen would use that term about the middlemen buying their crops.