1. Ability of a firm or other market participant to influence price by varying the amount that it chooses to buy or sell.
2. Ability of a country to influence world prices by altering its trade policies.
Related information about market power:
- Market power - Wikipedia, the free encyclopedia
In economics, market power is the ability of a firm to profitably raise the market price of a good or service over marginal cost. In perfectly competitive markets, ...
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A company with market power would be able to affect price to its benefit. Firms with market power are said to be "price makers" as they are able to set the price ...
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Definition of market power: Extent to which a firm can influence the price of an item by exercising control over its demand, supply, or both. Under the economic ...
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problems that may exist when firms or agents have market power and are able ... The existence of market power is tied to the demand conditions the firm faces. If ...
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- Market Power Definition & Example | InvestingAnswers
We explain the definition of Market Power, provide a clear example of how it works and explain why it's an important concept in business, finance & investing.
- ICN Recommended Practices on Assessing Dominance/Substantial
The concept of dominance or substantial market power limits the scope of ... equivalent to the possession of substantial market power, and thus this document ...
- Policy Brief: Substantial Market Power and Competition - OECD
of market power are much more likely to harm consumer welfare and distort the ... substantial market power and those that do not when applying single firm ...