I talked about a lot of different things today.
1. Reacting to Rick Beato. Video here: https://youtu.be/Sfa2lhFBbqs (h/t Evan Thomas)
2. M. C. Burnell’s Three Faces of Dissatisfaction (I said Burrell because I’m me.)
Podcast: Play in new window | Download
Thanks for the tip on Twitter #WritingCommunity! That saved a lot of scrolling this morning once I looked up how to mute a hashtag and did the deed.
Yeah.
I removed that column from TweetDeck this morning. I realized how much of a distraction it was. I need to focus on the writing in front of me instead of the writing in front of them.
I think the terms are a little different.
Monopoly = one supplier
Oligopoly = only a few suppliers, sometimes in collusion
Monopsony = one buyer
Oligopsony = only a few buyers, sometimes in collusion
https://www.investopedia.com/ask/answers/032415/whats-difference-between-monopoly-and-monopsony.asp
https://www.jstor.org/stable/2487237
You’re right.
I hadn’t heard of an oligopsony.
Thanks.