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Market Power

Microeconomics

Market Power: Determining Factors, Effects, How to Measure

Updated on April 10, 2022 · By Ahmad Nasrudin Tag: Market Power, Monopoly

Market Power Determining Factors Effects How to Measure

What's it: Market power is the firm's ability to influence its products' prices in the market. Market power enables firms to charge a higher price than the equilibrium price in a competitive market. We call companies having market power as

Tag: Market Power, Monopoly

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