S T I wrote:geisha wrote:S T I wrote:Bluefox21 wrote:I am gonna report ye all to the anti competition board ( dammit im doing my business exam in three weeks and I cant think of the word when a certain number of ppl set a price) lolI have no prob with ppl refusing to pay over a certain limit but I think massing ppl who charge the high prices is a bit extreme sale and demand theory if someone wants to pay 25 bill per k why not let them. Think if you mass it does kinda slip into the extortion bracket (just offering my opinion)
monopoly
wrong, a monopoly would be when there's only 1 person offering turns and setting the prices.... since there's a few doing it it would be an oligopoly
pwned ya both
double pwned
a monopoly can be a group which force or set a price to either stay/rise or fall, its just another name for trying to control
a monopoly doesn't need to be one person, it can be a group as long as the group it speaking with 1 voice and setting 1 price and are the only ones offering the goods in demand. In an oligopoly there are several (but very few) groups (or individuals) offering the goods that are in high demand... independently...
triple pwned?
















