monopóliumára

Monopóliumára is a Hungarian term that translates to "monopoly price" or "monopoly pricing" in English. It refers to the price a seller sets when they hold a monopoly in a particular market. In such a situation, a single seller has exclusive control over the supply of a product or service, and there are no close substitutes available to consumers.

Unlike competitive markets where prices are typically driven down by the forces of supply and demand and the presence of multiple sellers, a monopolist has the power to influence the price. The monopolist's objective is usually to maximize their profits. To achieve this, they will set a price that is higher than what would prevail in a perfectly competitive market. This higher price results in a lower quantity of goods or services being sold compared to a competitive scenario.

The concept of monopóliumára is a fundamental element in microeconomics, illustrating the economic consequences of market power. It highlights the potential for consumer welfare to be reduced when a single entity controls the supply and can dictate terms to buyers. Economists analyze monopóliumára to understand market inefficiencies, the distribution of economic surplus, and the potential need for regulatory intervention to protect consumers and promote competition.