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Market Power
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IIPPDJ3A943
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Geliefert zwischen Do., 29.01.2026 und Fr., 30.01.2026
Details
In economics, market power is the ability of a firm to alter the market price of a good or service. A firm with market power can raise prices without losing all customers to competitors.When a firm has market power it faces a downward-sloping demand curve.In perfectly competitive markets, market participants have no market power. A firm with market power has the ability to individually affect either the total quantity or the prevailing price in the market. If the demand curve is downward sloping (that is, the most common situation where price increases lead to a lower quantity demanded), then the decrease in supply as a result of the exercise of market power creates an economic deadweight loss in comparison with a situation of perfect competition. This is often viewed as socially undesirable. As a result, many countries have anti-trust or other legislation intended to limit the ability of firms to accrue market power.
Weitere Informationen
- Allgemeine Informationen
- GTIN 09786130265274
- Editor Frederic P. Miller, Agnes F. Vandome, John McBrewster
- Sprache Englisch
- Größe H220mm x B150mm x T7mm
- Jahr 2009
- EAN 9786130265274
- Format Fachbuch
- ISBN 978-613-0-26527-4
- Titel Market Power
- Untertitel Market power, Economics, Demand curve, Perfect competition, Deadweight loss, Competition law, Mergers and acquisitions, Divestment
- Gewicht 191g
- Herausgeber Alphascript Publishing
- Anzahl Seiten 116
- Genre Wirtschaft
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