monopoly profit

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monopoly profit

the long-term ABOVE-NORMAL PROFIT accruing to a monopolist. See MONOPOLY.
References in periodicals archive ?
prices above the monopoly price or below marginal cost.
But even then, its service will not be priced at the monopoly price. Instead, pricing is determined in equilibrium.
361-362): "Let us illustrate margin monopoly by referring to its most frequent instance in present-day conditions, the power of a protective tariff to generate a monopoly price under special circumstances." Mises labels Atlantis as the home economy.
Among other things, what is particularly interesting is that Rothbard constructed the chapter from the point of view of an individual firm and based on four concepts he later changed his mind about: the distinction between a free market competitive and monopoly price; the model of perfect competition and the price taker assumption for output prices; using the price taker assumption for input prices and the isoquant-isocost framework to derive factor demand curves; and using the isolated firm as a unit of analysis to understand optimal production and investment decisions.
Customers are not forced to pay more than a uniform monopoly price. What Hayek is anxious about is that a monopolist might charge 'different' prices for each customer.
In response to price px, the best [p.sub.2] for the other drug must be: (1) the monopoly price, p; (2) the "over-price," that is, the highest [p.sub.2] > [p.sub.1] neither exceeding p nor creating a price difference of d; or (3) the "under-price," that is, (1 - d)p, the highest [p.sub.2] < [p.sub.1] creating a price difference of d.
The Monopoly Price Restrictions Act amended laws on district heating, electricity market, water and sewage, and the penal code.
At the same time, [section] 1 does not prevent the exercise of such power to "force" consumers to pay a monopoly price for the tying product.
But unfortunately, precisely because there is no output reduction in response to monopoly price increases, health insurance both amplifies the redistributive effects of provider and supplier monopolies and inflicts allocative inefficiencies that are arguably more distortive and costly than those caused by typical monopolists.
The basic market power problem is that left to itself, the end-pipe provider will charge a monopoly price for terminating traffic.
For [Q.sup.m] we have unique monopoly price [p.sup.m] = (a+c)/2.
In his 1863 book he presents the basic notions of his theory on prices with special emphasis on his main achievement on monopoly price: