What is market power?

division of customers into groups based on how much they will pay for a good

he ability of a company to change prices and output like a monopolist

the right to sell a good or service within an exclusive market

factors that cause a producer's average cost per unit to fall as output rises

Question

Business

Guest

9 April, 01:34

What is market power?

division of customers into groups based on how much they will pay for a good

he ability of a company to change prices and output like a monopolist

the right to sell a good or service within an exclusive market

factors that cause a producer's average cost per unit to fall as output rises

+5

Answers (1)

Know the Answer?

Gracelyn Nunez · Answer 1

I would say the correct answer is B. t he ability of a company to change prices and output like a monopolist. Market power is basically the power of a particular company to manipulate the price of the product and thus affect all other participants, as well as customers. Monopolists have the greatest market power; conversely, in an ideally balanced economy, nobody would have market power. All participants would have equal chances and nobody would dictate the terms to others.