Assertion: monopolist | /r/CapableOf | increase price
Facets:
value: above the competitive level
type: OTHER
value: without losing customers
type: MANNER
value: compared to a competitive market
type: OTHER
Source sentences:
text: Compared to a competitive market, the monopolist increases price and reduces output
text: It arises when a monopolist has such significant market power that it can restrict its output while increasing the price above the competitive level without losing customers.
text: : If a monopolist obtains control of a formerly perfectly competitive industry, the monopolist would increase prices, reduce production, and realise positive economic profits.