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Simple English definitions for legal terms

duopsony

Read a random definition: Emolument Clause

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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i have a brother named jack, so whenever i see your name im marginally happier than normal
babycat
16:37
I'm guessing you don't have a sibling named babycat but I hope I still make you marginally happier than normal despite this
JumpySubsequentDolphin
16:38
maybe he has a babycat
babycat
16:38
I think everyone should have a babycat
JumpySubsequentDolphin
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im allergic to baby cats >:(
JumpySubsequentDolphin
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I used to have a babycat, I only got allergies after he died
JumpySubsequentDolphin
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I think he’s haunting me
babycat
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:(
babycat
16:40
that's too bad
babycat
16:40
you still have me though <3
@babycat: you make my day marginally happier with your scathing wit
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New Father John Misty album out today
16:44
People saying it’s his best yet by far
babycat
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what would I do without you renard99
awww ty wasp :)
i have 4 (baby) cats!
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Damn you know her sarcasm is meant to be scathing when she calls me by my full username and not just Renard
JumpySubsequentDolphin
16:47
@jackfrost11770: FOUR?!??
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I’m only teasing Babycat ily I’ll be seeing you in [REDACTED] very very soon
YES
and they're all rescues from breeders so they're all long haired persians .... w flat faces ....
they're all runts cause breeders just ... dispose of them (:(((() so they're all super tiny
literal babies
babycat
16:49
ily2 renard99
initiallaw
16:49
omg so cute
JumpySubsequentDolphin
16:51
@jackfrost11770: IM SO JEALOUS
2big2fail
16:52
perhaps peggerdine this evening
2big2fail
16:52
but then again, perhaps not
JumpySubsequentDolphin
16:53
damn no ucla wave
16:56
Hey guys! chance me 340/340GRE- 2 years work experience at PIL and wrote compelling statements. but my masters gpa is kinda 3.1 because I was domestically abused. :p
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