bn:00186832n
Noun Named Entity
Categories: Imperfect competition, Power (social and political) concepts
EN
market power  Price taking  dominant market position  price-taking  price maker
EN
In economics, market power refers to the ability of a firm to influence the price at which it sells a product or service by manipulating either the supply or demand of the product or service to increase economic profit. Wikipedia
Definitions
Relations
Sources
EN
In economics, market power refers to the ability of a firm to influence the price at which it sells a product or service by manipulating either the supply or demand of the product or service to increase economic profit. Wikipedia
ability of a firm to raise the market price of a commodity over marginal cost Wikidata
STUDIED BY