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Is monopoly price a higher price?

In: Business & Finance, Economics [Edit categories]

Answer:

Generally yes. In a monopoly they charge whatever price they choose because there is no competition.

Governments go to great lengths to limit the impact of monopolies. In theory they have complete control over the price but consumer consternation could lead to price regulation in sensitive areas.

First answer by AKMark. Last edit by ZippyFX. Contributor trust: 12 [recommend contributor ]. Question popularity: 3 [recommend question].

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