It is.
In a monopolistically competitive market, the price of a product will be determined by the quantity of supply, the price of the product, and the demand for the product. A monopolistic market can only be successfully run if the product is of high quality and the quantity of supply is low. As a result, companies can only be successful if they can cut their costs significantly.
That’s called “competitive pricing”. The theory goes that a monopolist can cut its costs significantly by having a small number of suppliers. A smaller number of suppliers means less overhead, which means less competition, which means lower prices.
A monopoly, on the other hand, is a system in which each company is independently wealthy and can charge a higher price for its product. An example of a monopolistic market is a cartel, where each company must pay all the suppliers for the same product. A cartel is a monopoly because the monopolistic company has the ability to lock out all the other companies from selling its product, which leads the other companies to choose the monopoly over the cheaper alternative.
Are you suggesting that the price of a product is proportional to the number of suppliers? You’re not suggesting that the price of a product should be proportional to the number of suppliers but you’re suggesting that it should be proportional to the quantity of suppliers.
Monopolization is a situation where the price of a product is fixed and the supply is not sufficient to support the price, which leads the other companies to choose the monopoly over the cheaper alternative. In the case of a monopoly a company has all the other companies competing for its products and they all have to make a bunch of sacrifices to stay in business, which leads the other companies to choose the monopoly over the cheaper alternative.
The only thing that matters is the number of suppliers and the market price. In the case of a monopoly, the lower the number of suppliers, the higher the market price. In the case of a monopolistic market, the higher the supply, the higher the market price.
If someone has been monopolized for so long that they have no other options, they will have no choice but to make a bunch of sacrifices to stay in business, which leads the other companies to choose the monopoly over the lower-cost alternative. The result is that the price of their product goes up for the lower-cost alternative and down for the monopoly.
The real question is what is the price of an individual’s product? In the case of a monopolistic market, the lower the price, the higher the price. In the case of a monopolistic market, the lower the price, the higher the price.