Market power

Rarity: Common

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At a glance

Class

Notion

Domain

Science and technology

In collections

Nobody has pulled it yet.

What Wikipedia says

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.

Excerpt from the Wikipedia article “Market power”, under the CC BY-SA 4.0 license. Read the article on Wikipedia