Equilibrium price arrived at in a market in which the supply is a Monopoly. According to economic theory, the monopoly price is higher than the price that would prevail if competition existed.
| Business Dictionary: Monopoly Price |
Equilibrium price arrived at in a market in which the supply is a Monopoly. According to economic theory, the monopoly price is higher than the price that would prevail if competition existed.
| 5min Related Video: Monopoly Price |
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