Assertion: monopoly's price | /r/HasProperty | high
Facets:
value: very
type: DEGREE
value: overly
type: DEGREE
Source sentences:
text: In law, a monopoly is a business entity that has significant market power, that is, the power to charge overly high prices.
text: In law, a monopoly is a firm that has a lot of market power and is able to charge very high prices for a product or service.
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: The bottom line is that when companies have a monopoly, prices are too high and production is too low.
text: In law, a monopoly is a firm that has a lot of market power and is able to charge very high prices for a product or service.
text: It is so because even if the price is high, there will not be a fall in demand.
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.