  We give an explicit demonstration of the equivalence between the Normal
Matrix Model (NMM) of c=1 string theory at selfdual radius and the
Kontsevich-Penner (KP) model for the same string theory. We relate macroscopic
loop expectation values in the NMM to condensates of the closed string tachyon,
and discuss the implications for open-closed duality. As in c<1, the
Kontsevich-Miwa transform between the parameters of the two theories appears to
encode open-closed string duality, though our results also exhibit some
interesting differences with the c<1 case. We also briefly comment on two
different ways in which the Kontsevich model originates.
