market power

English

Noun

market power (uncountable)

1. (economics) 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.

Translations

Translations

• Finnish: markkinavoima
• French: pouvoir de marché (fr) m

See also

• good value
• monopoly
• non-price competition
• oligopoly
• perfect competition

 

Further reading

• market power on Wikipedia.Wikipedia