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2. Why were monopolies able to charge very high prices for their products?

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

Step-by-step explanation:

User Muhammad Muzamil
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Answer:

Step-by-step 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.

User Darren Willows
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