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  • 20-10-2020
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2. Why were monopolies able to charge very high prices for their products?

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Аноним Аноним
  • 20-10-2020

Answer:

Explanation:

f Microsoft charged too high a price for Windows, fewer people would buy it. Profits of monopolies are not unlimited, though they can be higher than profits for competitive firms. Main reason for monopoly: Barriers to entry. ... Since water is a necessity, high prices could be charged even though marginal cost is low.

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woohoo23 woohoo23
  • 20-10-2020

Answer: Because a monopoly's marginal revenue is always below the demand curve

Explanation:

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