Monopolistic markets and their high prices and profits violate capitalist justice because the seller charges more than the goods are worth. Thus, the prices the buyer must pay are unjust.

Question

Quizplus · Accepted Answer

In a monopolistic market, the lack of competition allows the seller to set higher prices, which can lead to profits that exceed what would be considered fair in a competitive market, thus violating the principles of capitalist justice where prices should reflect the true value of goods.

Monopolistic Markets and Their High Prices and Profits Violate Capitalist