Re: Food for thought (resurfacing)

 >  but "Monopoly" to me means the market is dominated by 2-3 players
That's, technically, oligopoly

On 7/28/2014 6:24 PM, Noah Mendelsohn wrote:
>
> 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:
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>  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 23:21:06 UTC