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This thought experiment has nothing to do with what a monopoly is. See, I think people have been using this term without any actual definition of it for so lon
by sanderjd 5y ago
This thought experiment has nothing to do with what a monopoly is.
See, I think people have been using this term without any actual definition of it for so long that people are actively confused by what is and isn't a monopoly. People have said focusing on this word is "just semantics" but it isn't because people really aren't sure what it means.