Would you take advantage of business monopoly in your industry to manipulate pricing to it's advantage?

[King Belieal]

I always tell people that business is business and must be approached as such. Some people are busy criticizing businesses that are operating in a monopolistic market of unfair pricing. But I believe they should be cut some slack. They cannot be replaced and are free to fix their prices as they want.

Would you fix your prices to get higher profit margins if you don't have any competition in your industry?

 

[eLdavis]

Though I tend to fix my price at a reasonable amount but I do not blame or judge does who tend to set their own price at a more higher rate. It's their business, and they have the right to do what works for them.

 

[Augusta]

Why not, business is for profit maximization. If I have the monopoly I will take advantage of it to make more profit but with a reasonable pricing

 

[Fidelia]

I didn't set up a charity organisation but a business and any avenue that is not criminal I can use to maximize my profits, I would.

 

[Augusta]

Yes we can take advantage but we need to also consider humanity. make it reasonable for people to live and buy