How Do Monopolies Manage To Keep Prices Higher Than They Would In A Competitve Market?
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asked 10 months ago
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In theory customers cant shop around for a better deal thus there is no pressure on the monopoly to lower their prices as there would be in a competitive market.
Take Internet Service Providers imagine there was no choice now I pay under ten pounds monthly for my Broadband, without the choice this price could easily be doubled if there was only one out there, instead of dozens to choose from.
Take Internet Service Providers imagine there was no choice now I pay under ten pounds monthly for my Broadband, without the choice this price could easily be doubled if there was only one out there, instead of dozens to choose from.
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