One of the dangers of a monopoly is that the company who has cornered the market can charge anything it wants. Consumers who want to partake of the company’s products have no choice; there is nowhere else to go.
With this simple economics lesson in mind, the Russian Space Agency has announced they are increasing the price of a trip to the International Space Station by 5%. For those of you concerned with the specifics, that means a $1 million bump up to $21 million for the round trip.
Damn! I should have bought that ticket last month!