market power en · NOUN
Meanings
- (uncountable) The ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.
Relateds
oligopoly · monopoly · perfect competition · non-price competition · good value
Translations (5)
fr pouvoir de marché (Translations) · fi markkinavoima (Translations) · sw nguvu ya soko (Translations) · pl siła rynkowa (Translations) · de Marktmacht (Translations)