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Pastimes : Austrian Economics, a lens on everyday reality
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To: Wildstar who wrote (324)11/30/2003 5:20:23 PM
From: Don Lloyd   of 445
 
Wildstar,

{There is a question as to whether it is the seller of the consumer product or the supplier of the SFOP that is effectively the monopolist and who reaps the profits. Different cases may be different.}

How is the supplier of the SFOP a monopolist? There can be many suppliers of the SFOP.

There can be many suppliers OR many consumer sellers OR neither.

There can be no consumer seller unless an SFOP supplier is willing to sell it to him.

See MES on SFOP suppliers in the Monopoly chapter.

Regards, Don
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