3 ms·

Monopsonistic*

• deleted 3y ago
  [deleted]
• notacoward 3y ago
  You say potato, I say pedant.
  • astrange 3y ago
    They're literally opposite concepts with opposite effects. Which is why it doesn't make much sense to call a middleman either one, when they're both.
    • deleted 3y ago
      [deleted]
    • notacoward 3y ago
      "They're opposite" is the most incorrect statement in this thread. Yes, there is a difference, but the effects can be similar. Either way, market participants are denied a fair price because of their counterparty's dominance. This very case demonstrates it, as does Amazon's. That's why our laws treat them similarly, even using the word "monopoly" to mean both ... as do professional economists when both are under discussion. This "I know a word you don't know" game is tiresome, especially when people do know the words (and apparently better than you).