4 ms·
Not at all. Monopolies don't imply an anti-rigid price curve. In fact, monopolies almost never have that. A monopoly means a company has enough leverage to cor
by bobxmax 2y ago
Not at all. Monopolies don't imply an anti-rigid price curve. In fact, monopolies almost never have that.
A monopoly means a company has enough leverage to corner and disproportionately own the market. This is entirely possible (and usually the case) even with significant pricing pressure.