Economics Dictionary of ArgumentsHome
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| Monopoly Price - Economics Dictionary of Arguments | |||
| Monopoly price: A monopoly price in economics is the price set by a monopolist, a sole producer in a market, to maximize profit. Unlike competitive markets, the monopolist can restrict output to create scarcity, raising prices above marginal cost. This leads to higher profits but can result in reduced consumer welfare and allocative inefficiency. See also monopolies, competition, marginal costs. See also Monopolies, Oligopolies, Cartels, Markets, Price._____________Annotation: The above characterizations of concepts are neither definitions nor exhausting presentations of problems related to them. Instead, they are intended to give a short introduction to the contributions below. – Dictionary of Arguments. | |||
| Author | Item | More concepts for author | |
|---|---|---|---|
| Economic Theories | Monopoly Price | Economic Theories, | |
| Mises, Ludwig von | Monopoly Price | Mises, Ludwig von | |
| Rothbard, Murray N. | Monopoly Price | Rothbard, Murray N. | |
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Authors A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Concepts A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Ed. Martin Schulz, access date 2026-10-14 | |||
