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this post was submitted on 10 Dec 2023
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Ask Lemmy
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Are you like an idiot or something? I’m genuinely asking because I don’t know how many times I can keep saying the same basic thing to you.
It’s set by the maximum market rate, that being the highest price before it’s too expensive and loss of sales cuts into revenue.
And "the highest price before it’s too expensive and loss of sales cuts into revenue" is higher in a monopoly than a duopoly. Meaning the "highest cost" is higher in a monopoly than a duopoly.
As an addendum, you haven't really mentioned anything past a vague idea of "maximum cost" until now, so I'm not really sure what you mean about repeating yourself. Are you okay, friend?