Re: Food for thought (resurfacing)

On 7/28/2014 3:28 PM, Marc Fawzi wrote:

> but "Monopoly" to me means the market is dominated by 2-3 players

Uh, no.... without trying to be too formal about it, monopoly is about 
dominance by one "player". See, for example, the 6th definition from [1] 
which says:

  6. the market condition that exists when there is only >one< seller.

No need to pursue this in detail here, but the prefix "mono" is there for a 
reason.

Noah

[1] http://dictionary.reference.com/browse/monopoly?s=t

Received on Monday, 28 July 2014 22:25:23 UTC