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Simple English definitions for legal terms

duopsony

Read a random definition: act of sale

A quick definition of duopsony:

Term: DUOPSONY

Definition: Duopsony is a type of market where there are only two buyers for a product. This means that the sellers have limited options to sell their products and the buyers have more bargaining power to negotiate the price. It's like a game of tug-of-war between the two buyers, where the seller is caught in the middle.

A more thorough explanation:

Definition: Duopsony is a market situation where there are only two buyers for a particular product or service.

Example: The market for coffee beans in a small town where there are only two coffee shops that buy coffee beans from farmers. In this case, the coffee shops have a significant influence on the price of coffee beans, and the farmers have limited options to sell their products.

Explanation: In a duopsony market, the two buyers have a significant bargaining power, and they can dictate the price and terms of the transaction. This situation can lead to unfair pricing for the sellers, as they have limited options to sell their products. In the example above, the coffee shops can negotiate a lower price for coffee beans, and the farmers have to accept it as they have no other buyers in the market.

duopoly | duoviri

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Dkk
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Med law easy done
medicine is a scam
join the ethically ambiguous legal field instead
Dkk
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Dkk
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Exactly. My version of that awful poem.
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windyMagician
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Dkk
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what.jpg @Dkk
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21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
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I will take In N Out everyday over it when I can though.
texaslawhopefully
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In N Out is not only the best fast food place, but the prices too are fantastic
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