Assertion: monopoly | /r/HasAspect | less incentive
Facets:
Source sentences:
text: It is argued that a monopoly has less incentive to cut costs because it doesn’t face competition from other firms.
text: This is because such monopolies by themselves, as is the case with all monopolies, have little incentive to charge prices close to cost and, rather, tend to charge profit-maximizing prices and restrict output.
text: A monopoly faces a lack of competition, and therefore, it may have less incentive to work at product innovation and develop better products.