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Why that? I'd say it's a very much idealized model for a rotating permanent magnet by just approximating the magnetization of the extended true magnet by a point dipole.hutchphd said:Except this is not a point dipole. And that is the crux of the confusion. Its really two monopoles.
How would you write down a true point dipole? How is it different from two close (fictitious) magnetic monopoles of opposite magnetic charge (in analogy to the electric case)?