Assertion: monopoly | /r/CapableOf | charge higher price
Facets:
value: generally
type: MANNER
value: for their products
type: TRANSITIVE-OBJECT
Source sentences:
text: If the monopoly charges a higher price, then less quantity will be bought, and that equilibrium won’t be maximum profit.
text: Monopolies will sell at a smaller output and charge a higher price than would pure competitive producers selling in the same market.
text: Monopolies will generally charge a higher price for their products and sell less compared to the situation in a competitive market in order to maximise their profits.