Assertion: monopolist | /r/AtLocation | position
Facets:
Source sentences:
text: “One could conceive of a few other instances where a monopolist might control an essential commodity on which people were completely dependent, but unless a monopolist is in a position to withhold an indispensable supply, he cannot exercise coercion, however unpleasant his demands may be for those who rely on his services.
text: I interpret Hayek to be saying that a monopoly is only “bad” when the monopolist is in a position to exercise coercive power over an essential commodity.