Meaning of market power | Babel Free
Definitions
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.
Equivalents
Suomi
markkinavoima
Français
pouvoir de marché
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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