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Monopoly profit

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  1. a firm is said to reap monopoly profits when a lack of viable market competition allows it to set its prices above the equilibrium price for a good or service without losing profits to competitors

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 21, 2009
  2. a term from economics

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 21, 2009
  3. a type of economic profit, that is, it is a profit greater than the normal profit that is typical in a perfectly competitive industry

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 21, 2009
  4. The resulting price is known as the monopoly price

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 21, 2009
  5. In a perfectly competitive market, firms are said to be price takers

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 21, 2009
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