Monopoly Pricing Quotes

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

Patent monopoly creates a lot of problems. It allows the patentee to charge the maximum to consumers. This may not be a problem if the patented product is a luxury item, like parts that go into a smartphone, but can violate basic human rights if it involves things such as life-saving drugs.

I love small-business owners, and I actually love the idea of vintage clothing, but I don't get when they pretend that the Internet doesn't exist or that other customers have never been to the whole rest of the country where you can rummage around and buy the same dang belt for a buck and a half.

The only thing that I'd rather own than Windows is English, because then I could charge you two hundred and forty-nine dollars for the right to speak it.

Basically, the single-most important decision in evaluating a business is pricing power.

Before solar, before Sunrun, if consumers wanted electricity, there was a monopoly of someone who told you how much it costs.

To ensure fair competition, there must be effective controls on currency manipulation, and monopoly pricing needs to be outlawed on such items as intellectual property, especially pharmaceuticals.

With competition, prices tend to be uniform; with monopoly, prices are uniformly high.

It’s our tax dollars that fund the initial research for these molecules that get transferred to corporations. We have an investment here… We end up paying for our drugs twice. We pay for the initial development through our tax dollars. And then when it goes on the market we pay their inflated prices.

Whereas a competitive firm must sell at the market price, a monopoly owns its market, so it can set its own prices. Since it has no competition, it produces at the quantity and price combination that maximizes its profits.