Monopolist in a sentence

Because the monopolist ultimately forgoes transactions with consumers who value the product or service more than its price, monopoly pricing creates a deadweight loss referring to potential gains that went neither to the monopolist nor to consumers.

Frank (2008), p. 394. Thirdly, the discriminating monopolist produces a larger quantity than the monopolist operating by a uniform pricing scheme.

However, the loss to the monopolist will be more than offset by the gain in efficiency, in the sense that the monopolist could hypothetically be compensated for its loss while still leaving a net gain for others in the economy, a Pareto improvement.

Last month, a federal judge ruled in a separate case that Google was a monopolist in internet search because it had rigged the search engine market.

Epic argued that Apple is a monopolist in two respects: its control of app distribution on the App Store and its requirement that users pay through its payment processing system.

Just being a monopolist isn’t illegal.

The company is best understood not as a retailer but a monopolist empire: a 21st century East India Company, and no less colonialist in its practices of exploitation and resource extraction.

These are run by a monopolist with fake competition between a bunch of named companies with obscured links between each other.

If today’s privacy scandals lead us merely to install Facebook as a regulated monopolist, insulated from competition, we will have failed completely.

A monopolist cannot trace a short term supply curve because for a given price there is not a unique quantity supplied.

Example Assume that by a uniform pricing system the monopolist would sell five units at a price of $10 per unit.

For instance, if a change in economic policy eliminates a monopoly and that market subsequently becomes competitive and efficient, the monopolist will be made worse off.

Given the presence of this deadweight loss, the combined surplus (or wealth) for the monopolist and consumers is necessarily less than the total surplus obtained by consumers by perfect competition.

House Of Commons May 4; King's Theatre, Edinburgh, July 17, "that the unearned increment in land is reaped by the land monopolist in exact proportion, not to the service, but to the disservice done.

If the monopolist is able to segment the market perfectly, then the average revenue curve effectively becomes the marginal revenue curve for the company and the company maximizes profits by equating price and marginal costs.

In essence, every consumer would be indifferent between (1) going completely without the product or service and (2) being able to purchase it from the monopolist.

Intellectual property rights, including patents and copyrights, give a monopolist exclusive control of the production and selling of certain goods.

In uncompetitive markets A monopolist can set a price in excess of costs, making an economic profit (shaded).

It is monopoly which is the keynote; and where monopoly prevails, the greater the injury to society, the greater the reward of the monopolist will be.

Perfect price discrimination would allow the monopolist to charge each customer the exact maximum amount he would be willing to pay.