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Why do monopolies often result in high prices?
Monopolies often result in high prices because they are the sole provider of a good or service, which eliminates competition. With no rivals to drive prices down, monopolists can set prices higher than in competitive markets, maximizing their profits. Additionally, the lack of competitive pressure reduces the incentive to improve efficiency or innovate, further contributing to elevated prices for consumers.
Do you agree or disagree with high prices traditionally cause expansion in an industry eventually bringing an end to high prices and manufacturers prosperity?
I agree because high prices traditionally cause an exppansion and industry and this brings an ending to the prices on manufactors and the prices of gasoline
Why are gas prices high but demand is low?
Because no one wants to buy it due high prices.
What kind of relationship does demand have with prices?
the relationship demand has with prices is that when the demand for a product is high the prices go high as well, like gas and food....
Can monopolist set a high price for product and still enjoy a high level of demand?
Monopolies can exploit their position and charge high prices because consumers have no alternative. High prices may affect a high level of demand though depending on how consumers react to the high prices.
The high population density in Japan has?
caused a rise in "housing prices" .
Are high gas prices causing recession?
No. Gas prices have not caused this recession. This is because of the severe credit crunch.
What caused consumer prices to rise following the war?
High demand and a shortage of produced goods.
Why do monopolies often result in high prices?
Monopolies often result in high prices because they are the sole provider of a good or service, which eliminates competition. With no rivals to drive prices down, monopolists can set prices higher than in competitive markets, maximizing their profits. Additionally, the lack of competitive pressure reduces the incentive to improve efficiency or innovate, further contributing to elevated prices for consumers.
How did high tariffs hurt Americans?
High tariffs caused the prices for goods to be higher for the consumer. When the price of goods rise, it makes it harder for the common consumer to afford their necessities.
What is hyperthomeria?
Hypothermia is an abnormally low body temperature, often caused by prolonged exposure to low temperatures.Hyperthermia is an abnormally high body temperature, often caused by prolonged exposure to high environmental temperatures, OR bacterial or viral infections.
What are causes of high gas prices?
This is caused by the recent hurricanes. The owners of the gas think that everyone will evacuate the area so they believe that if they higher the prices then they'll make more money from the hurricane ppl.
How did high tariffs hurt many American?
High tariffs caused the prices for goods to be higher for the consumer. When the price of goods rise, it makes it harder for the common consumer to afford their necessities.
How many high tariffs hurt many Americans?
High tariffs caused the prices for goods to be higher for the consumer. When the price of goods rise, it makes it harder for the common consumer to afford their necessities.
Why are egg prices so high now?
Egg prices are high now because of the impact of bird flu caused by Avian Influenza. Millions of birds have had to be culled across many states in the U.S. Go to my YT channel @askdrshe to view videos on “Economic Impact of Bird Flu on Egg Prices” and Bird Flu 101
premium furniture?
High-end furniture is furniture that is made with high-quality materials and craftsmanship, and is built to last a long time. High-end furniture is often associated with high prices.
What caused the low prices after the war?
lincon'
