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Results for tag: "Market Power"

Microeconomics, EMEA Edition - Product Thumbnail Image

Microeconomics, EMEA Edition

  • Book
  • July 2020
  • 864 Pages
  • Middle East, Africa, Europe Middle East, Africa, Europe
Microeconomics. 6th Edition, EMEA Edition - Product Thumbnail Image

Microeconomics. 6th Edition, EMEA Edition

  • Book
  • July 2020
  • 864 Pages
  • Middle East, Africa, Europe Middle East, Africa, Europe
  • 5 Results (Page 1 of 1)
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Market Power is an economic concept that refers to the ability of a firm or individual to influence the market price of a good or service. It is a measure of the firm's ability to raise prices above the competitive level without losing all its customers. Market Power can be used to describe the power of a single firm, or the collective power of a group of firms. It is often used to describe the power of a monopoly or oligopoly. Market Power can be used to describe the power of a firm to influence the market price of a good or service. It is a measure of the firm's ability to raise prices above the competitive level without losing all its customers. Market Power can also be used to describe the power of a group of firms to influence the market price of a good or service. Some companies in the market power market include Microsoft, Apple, Amazon, Google, and Walmart. Show Less Read more