Assertion: monopolist's price | /r/HasProperty | high
Facets:
value: very
type: DEGREE
value: in the monopoly case
type: LOCATION
value: at this stage
type: TEMPORAL
Source sentences:
text: The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10% less than the monopolist.
text: If the monopolist charges a very high price, then quantity demanded drops, and so total revenue is very low.
text: The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10% less than the monopolist.
text: At this stage, the initial price the consumer must pay for the product is high, and the demand for, as well as the available of the product in the market, will be limited.
text: Finally, the price and production in the industry stabilizes into its "competitive equilibrium"; the price paid by the consumers are just high enough to cover the average economic cost of producing the product, and the available quantity of the product doubles from its initial sales (under the monopoly).
text: Market failure in a monopoly can occur because not enough of the good is made available and/or the price of the good is too high.
text: The monopolist is currently charging a high price, and you have calculated that you can make a nice profit charging 10% less than the monopolist.
text: So while the price may be too high in the monopoly case, there still remains some surplus flowing to buyers.
text: So while the price may be too high in the monopoly case, there still remains some surplus flowing to buyers.
text: When a firm has market power, there is a distortion in the market: prices are too high, and output is too low.
text: If the monopolist charges a very high price, then quantity demanded drops, and so total revenue is very low.
text: The bottom line is that when companies have a monopoly, prices are too high and production is too low.
text: The monopolist could set a very high price for the product leading to the exploitation of consumers as they have no option but to buy it from the seller due to the lack of competition in the market.
text: The prices also differentiate according to the quantity demanded by the buyer i.e. if the quantity demanded is high; then the low price is charged and vice versa.
text: If the price is high, the firm will sell a reduced quantity in an elastic market.
text: By contrast, to maintain a non-coercive monopoly, a monopolist must make pricing and production decisions knowing that if prices are too high or quality is too low competition may arise from another firm that can better serve the market.
text: At this stage, the initial price the consumer must pay for the product is high, and the demand for, as well as the availability of the product in the market, will be limited.
text: Prices of transport could be so high, competitors were forced out of business or had to sell up to Rockefeller, enabling him to gain more market share.