Assertion: monopolist's cost | /r/HasProperty | high
Facets:
value: very
type: DEGREE
value: usually
type: DEGREE
value: compared to just one firm
type: OTHER
Source sentences:
text: In these type of monopolies, other firms cannot enter the market because either the startup costs are too high, or the cost structure of the market gives an advantage to the largest firm.
text: fixed costs required to operate are very high, the firm's ATC curve declines over the range of output at which price is greater than or equal to average total cost.
text: If the set-up costs are very high then it is harder for new entrants.
text: Moreover, the costs of transporting cement over land are high, and so a cement plant in an area without access to water transportation may be a natural monopoly.
text: If the fixed costs are very high, it will result in it not being effective for more than one company on the market.
text: Since the (fixed) cost of network construction is too high, the expected return is not worth the investment.
text: The fixed cost of constructing a competing transmission network is so high, and the marginal cost of transmission for the incumbent so low, that it effectively bars potential competitors from the monopolist's market, acting as a nearly insurmountable barrier to entry into the market place.
text: To have two different companies offering water wouldn’t make sense as the average cost would be very high compared to just one firm and one network.
text: In addition, because the cost of starting a business in an oligopolistic industry is usually high, the number of firms entering it is low.
text: The costs of say a pharmaceutical company to produce a new FDA approved drug are usually extremely high.
text: When the cost of doing business is high, make it higher.