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monopoly price (A monopoly price is set by a monopoly. A monopoly occurs when a firm is the only firm in an industry producing the product, such that the monopoly faces no competition. A monopoly has absolute market power, and thereby can set a monopoly price that will be above the firm's marginal (economic) cost, which is the change in total (economic) cost due to one additional unit produced. WK Alexander Demidov) | |||
monopolistically high price (Inchionette) |
монопольно высокая цена : 3 phrases, 1 sujets |
Général | 3 |