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View Diary: "Earth shattering" change in the radio industry in the aftermath of the Rush Limbaugh Effect (203 comments)

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  •  Yep & Neither Is A Monopsony...Like WalMart. (4+ / 0-)
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    elwior, raincrow, CA wildwoman, J M F
    But the issue before us is not how Wal-Mart grew to scale but how Wal-Mart uses its power today and will use it tomorrow. The problem is that Wal-Mart, like other monopsonists, does not participate in the market so much as use its power to micromanage the market, carefully coordinating the actions of thousands of firms from a position above the market…

    In essence, Wal-Mart has grown so powerful that it can turn even its largest suppliers, and entire oliogopolized industries, into extensions of itself. The effects of this practice are most obvious in Wal-Mart’s horizontal competition against other retailers…

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