Concept
Version 7
Created by Boundless
Monopoly Price and Profit
![Monopoly Pricing](../../../../../../../../../figures.boundless-cdn.com/20312/raw/monopoly-surpluses.jpg)
Monopoly Pricing
Monopolies create prices that are higher, and output that is lower, than perfectly competitive firms. This causes economic inefficiency.
Source
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"Monopoly pricing example 01."
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