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Talk:Economics Lecture Two (view source)
Revision as of 21:08, February 10, 2013
, 21:08, February 10, 2013→"Supply and demand transcend and are above the views, preferences, and buying habits of any individual or small group of people.": Even a monopolist is constrained by a combination of his goal to
This is not true for monopoly (single seller of goods) or monopsony (single buyer of goods). For example, the supply of iPads available is completely determined by one person (Apple). [[User:GregG|GregG]] 15:57, 10 February 2013 (EST)
This is not true for monopoly (single seller of goods) or monopsony (single buyer of goods). For example, the supply of iPads available is completely determined by one person (Apple). [[User:GregG|GregG]] 15:57, 10 February 2013 (EST)
:Even a monopolist is constrained by a combination of his goal to maximize profits, and the demand for is good.--[[User:Aschlafly|Andy Schlafly]] 16:08, 10 February 2013 (EST)