Assertion: monopolist's price | /r/HasProperty | set by new firms
Facets:
Source sentences:
text: Since consumers will flock toward the lowest price (in search of a bargain), older firms within the industry actually face losing their existing customers to the new firms entering the industry, and are therefore forced to lower their prices to match the lower prices set by the new firms.
text: Incumbent firms within the industry face losing their existing customers to the new firms entering the industry, and are therefore forced to lower their prices to match the lower prices set by the new firms.