Market power refers to an extent to which a firm can raise the market price of a good or service over its demand, supply or both. Generally, it refers to the amount of influence, which a firm has on the industry in which it operates.
The market structure that is characterized by a small number of large firms that have some market power is called
Monopoly
Perfect Compitition.
Market power is the ability of a firm to dictate their own prices without having to succumb to market prices. Market power usually occurs if the firm has control over a large part of the market.
The source of a firm's market power is its competitive advantage. When a business has a competitive advantage they can use that to make significant changes in the industry.
A firm with market power has the ability to control prices and total market output .
market power
As of July 2014, the market cap for Atlantic Power Corporation (AT) is $473,194,630.72.
As of July 2014, the market cap for Power REIT (PW) is $15,199,620.80
The market structure that is characterized by a small number of large firms that have some market power is called
Monopoly
Monopoly
As of July 2014, the market cap for Ideal Power Inc. (IPWR) is $52,652,302.09.
As of July 2014, the market cap for Digital Power Corporation (DPW) is $8,165,246.40
The GCC market is the Gulf Cooperation Council Market. The GCC Market represents the power of the Gulf oil-exporting countries.
The National Fluid Power Association (NFPA) calculated the total U.S. fluid power market at $13.5 billion in the late 1990s.
As of July 2014, the market cap for Korea Electric Power Corporation (KEP) is $23,426,081,483.20.