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

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


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Piano*Dad
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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.
 
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jon-nyc
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posted 09 December 2020 09:59 AMHide Post
It's the details that are interesting, more than the market structure.


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CHAS
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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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Piano*Dad
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posted 09 December 2020 01:12 PMHide Post
Monopoly -- single seller.
Monopsony -- single buyer.
 
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