Friday, October 9, 2009

Contestablility

Hey, The World, the Beeronomics schtick is mine, bug off!

Ahh, just another example of the contestability of markets: I may be a monopiolist, but nothing prevents new competitiors to enter so my market power is basically nill.

Sigh, guess I'll relax, have a beer, and forget about it.

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