A secure monopolist charges a higher price than an insecure monopolist.

Name: A secure monopolist charges a higher price than an insecure monopolist.
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Question

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A secure monopolist is able to charge a higher price because they have less competition and are able to maintain their market power without the threat of new competitors entering the market. An insecure monopolist may need to lower their prices in order to fend off potential competition.

A Secure Monopolist Charges a Higher Price Than an Insecure