22 lines
676 B
Markdown
22 lines
676 B
Markdown
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<!-- generated: provider=openrouter model=arcee-ai/trinity-large-preview:free date=2026-02-19 source=book-1-chapter-07 -->
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# Monopoly Effects on Market Price
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## Definition
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The ability of monopolists to keep markets understocked and sell commodities above natural price by never fully supplying effectual demand, thereby raising wages and profits above natural rates.
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## Source Chapter
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Book I, Chapter 7
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## Context
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Compared to trade secrets, with the observation that "the monopolists, by keeping the market constantly understocked by never fully supplying the effectual demand, sell their commodities much above the natural price."
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## Economic Domain
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Regulation
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---
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