[the_watcher]

If there are no substitutes, a high price is extremely justified.

[alpaca128]

I get that lack of competition explains the price, but I don't think that means it's justified.

[sib]

If there is no competition (substitute, for given use cases and/or customers) and customers are willing to pay for it, then that is pretty much the definition of its being justified.

[paulryanrogers]

Or a monopolist is buying up all the limited supply of that semiconductor tech, so no one can compete.