I am more with the OP here than the folks who are saying he is out of line. There are so many instances of companies ripping off folks, simply because they can...that it is almost the norm these days...BUT that in no way excuses the behavior, IMHO.
While some may say that the OP had an option, because he knew the bid price up front, does that excuse the fact that the bid price was derived by United Radio from knowing that the competition was essentially non existent and as such the OP had very few ( many zero) other options IF he wanted his product repaired...
BUT it is also very clear to me that there are folks on this thread that have severely differing opinions as to what is acceptable business practice..and frankly, ethics. Again, IMHO.