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The economics of Christmas Trees
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Has Achieved Nirvana
Picture of jon-nyc
posted 09 December 2020 08:30 AM
Interesting piece.

https://thehustle.co/the-econo...tter_impression=true


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Posts: 33811 | Location: On the Hudson | Registered: 20 April 2005Reply With QuoteReport This Post
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Picture of Piano*Dad
posted 09 December 2020 08:44 AMHide Post
I wonder if Holiday Tree Farms has any monopsony power.

The rest of it is just a good description of how a competitive market works, from agricultural producer up through distributor to final retail outlet.
 
Posts: 12761 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
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Picture of jon-nyc
posted 09 December 2020 09:59 AMHide Post
It's the details that are interesting, more than the market structure.


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If you think looting is bad wait until I tell you about civil forfeiture.

 
Posts: 33811 | Location: On the Hudson | Registered: 20 April 2005Reply With QuoteReport This Post
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Picture of CHAS
posted 09 December 2020 11:22 AMHide Post
Billy Dunavant's company was practically the only buyer of cotton for many years. He controlled the market.
I always called it a monopoly. Despite a number of hours of credit in economics I never encountered the term "monopsony". I suppose Dunavant had a monopsony.


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Posts: 25850 | Location: Still living at 9000 feet in the High Rockies of Colorado | Registered: 20 April 2005Reply With QuoteReport This Post
"I've got morons on my team."

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Picture of Piano*Dad
posted 09 December 2020 01:12 PMHide Post
Monopoly -- single seller.
Monopsony -- single buyer.
 
Posts: 12761 | Location: Williamsburg, VA | Registered: 19 July 2005Reply With QuoteReport This Post
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