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Monopoly

Market Power: Determining Factors, Effects, How to Measure

Updated on April 10, 2022 by Ahmad Nasrudin

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

Topic: Market Power, Monopoly Category: Microeconomics

Price Discrimination: Meaning, Types, Effects

Updated on September 26, 2019 by Ahmad Nasrudin

Price Discrimination Meaning Types Effects

Price discrimination refers to the practice of charging different prices to different buyers for the same product. Even though the quality and cost

Topic: Monopoly, Price Discrimination Category: Microeconomics

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