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Monopolies are usually defined in terms of sellers controlling the prices of the goods they sell, rather than the buyer forcing the seller to change price. Perh
by joe_the_user 7y ago
Monopolies are usually defined in terms of sellers controlling the prices of the goods they sell, rather than the buyer forcing the seller to change price. Perhaps there's another definition for this situation.
- URSpider94 7y agoThere is. It’s called a monopsony, a market where there is only one buyer.