Comments on: Oligarchy + Monopoly ≠ Oligopoly http://www.dailywritingtips.com/oligarchy-monopoly-%e2%89%a0-oligopoly/ Sat, 21 Nov 2009 02:00:10 -0600 hourly 1 By: Peter http://www.dailywritingtips.com/oligarchy-monopoly-%e2%89%a0-oligopoly/comment-page-1/#comment-127062 Peter Sat, 13 Jun 2009 00:12:48 +0000 http://www.dailywritingtips.com/?p=2430#comment-127062 <i>The word monopoly describes a type of market paradigm</i> In the sense it's usually used, it describes a non-market paradigm. Rothbard proved that monopoly (in the sense usually meant; i.e., where the monopolist can increase his selling price without suffering losses. In the literal sense, pretty much <i>every</i> seller is a monopolist: Nike is only seller of Nike-brand shoes, etc.) is impossible in a free market. Monopoly can only be a result of legislation, not markets. The word monopoly describes a type of market paradigm

In the sense it’s usually used, it describes a non-market paradigm. Rothbard proved that monopoly (in the sense usually meant; i.e., where the monopolist can increase his selling price without suffering losses. In the literal sense, pretty much every seller is a monopolist: Nike is only seller of Nike-brand shoes, etc.) is impossible in a free market. Monopoly can only be a result of legislation, not markets.

]]> By: Dee http://www.dailywritingtips.com/oligarchy-monopoly-%e2%89%a0-oligopoly/comment-page-1/#comment-126992 Dee Fri, 12 Jun 2009 16:48:27 +0000 http://www.dailywritingtips.com/?p=2430#comment-126992 Like the corner with three gas stations... Like the corner with three gas stations…

]]> By: write a writing http://www.dailywritingtips.com/oligarchy-monopoly-%e2%89%a0-oligopoly/comment-page-1/#comment-126950 write a writing Fri, 12 Jun 2009 13:22:52 +0000 http://www.dailywritingtips.com/?p=2430#comment-126950 Being a student of economics, allow me to add: oligopoly leads to the formation of cartels and groups that tend to formulate a kind of unified monopoly to corner the market paradigm... Being a student of economics, allow me to add: oligopoly leads to the formation of cartels and groups that tend to formulate a kind of unified monopoly to corner the market paradigm…

]]> By: Jeromy http://www.dailywritingtips.com/oligarchy-monopoly-%e2%89%a0-oligopoly/comment-page-1/#comment-126943 Jeromy Fri, 12 Jun 2009 12:23:16 +0000 http://www.dailywritingtips.com/?p=2430#comment-126943 I heard monopsony for the first time on the NPR Planet Money podcast. An economist referred to negotiations with somali pirates as a "monopolist / monopsonist problem". A situation where there is one buyer and one seller. This is interesting to economists because there is no market to set the price. I heard monopsony for the first time on the NPR Planet Money podcast. An economist referred to negotiations with somali pirates as a “monopolist / monopsonist problem”. A situation where there is one buyer and one seller. This is interesting to economists because there is no market to set the price.

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