Posts Tagged ‘Comcast’

  • Creating inefficient use of land, labor and capital, a Comcast Time Warner merged firm would become a monopsony.

    Why Mickey Mouse Worries About Monopsonies

    Jun 22, 14 • 171 Views • Businesses, Demand, Supply, and Markets, Economic Debates, Economic History, Entertainment, Financial Markets, Households, Labor, Lifestyle, Media, RegulationNo Comments

    No, we don’t mean monopoly. A monopoly is the single seller in a large or small geographic area. Monopsony, by contrast, indicates there is a single buyer. Where are we going? Whereas a monopoly has the power to charge too high a price, the amount