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My uess would be that it is only a monopoly if there are no other sellers in the background - e.g., if you are the only producer or only retailer in the world/country/town, then you have a monololy. The situation you describe could mean that there is no other person selliong [i]at that moment[/] but it may bethen that all the seller has to do is to wait until another seller appears (e.g., the shop next door opens after having been shut for a period.) This would, I spose, be a temproary monopoly, but it only works if the buyers can't wait for whatever period the other seller(s) remain out of the market.
My knowledge of economics is slight, so I may be wrong here, but I loive in the certainty that, if this is so, someone will tell me so in fairly short order
I'm immortal until proven otherwise
Entire Thread Subject Posted By Posted duopsony Jackie 01/10/12 03:20 AM Re: duopsony Faldage 01/10/12 03:38 AM Re: duopsony Tromboniator 01/10/12 08:47 AM Re: duopsony BranShea 01/10/12 09:52 AM Re: duopsony Faldage 01/10/12 12:01 PM Re: duopsony Rhubarb Commando 01/10/12 12:31 PM Re: duopsony Tromboniator 01/10/12 04:12 PM Re: duopsony Rhubarb Commando 01/10/12 05:18 PM Re: duopsony Avy 01/11/12 02:11 AM
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