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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.

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What is the term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?

The term is Market Power!


How does inequality affect democracy in America?

People with different levels of wealth in the United States have different levels of ability to influence the political system and different levels of ability to increase their own economic stature. As a result, without a counterbalance, the wealthier individuals will have an unequal ability to influence policy and to draw wealth out from the poorer population.


What describes human capital?

the ability a person has to contribute to an economy


What is the ability to control the actions of other people and the ability to escape from the control of others and the ability to gain economic advantages?

:[ telephaphy:{


What is business influence?

Business influence refers to the ability of a firm or organization to influence decisions, actions, and outcomes in its environment. This effect can manifest itself in several ways: Market Influence: The ability of a company to influence market trends, consumer behavior, and the competitive landscape. This could be through innovation, pricing strategies, or brand reputation. Legislative Influence: The ability of a business to apply policies and legislation. This may include lobbying efforts, contributions to political campaigns, or joining legislative business groups. Social Impact: How a business influences society’s norms, values, and behaviors. This could be corporate social responsibility (CSR) initiatives, sustainability efforts, or influence through advertising and media. Economic Impact: The impact of a company on the economy, including job creation, economic growth, and its role in the supply chain. Large projects can affect economic conditions locally, nationally, or even globally. Cultural Influence: The ability of a business to shape culture, whether through its products, services, or company characteristics. Technology companies, for example, have had a profound impact on today’s communication and work culture. Internal Impact: The impact a business has on its employees, shareholders, and stakeholders. This includes leadership styles, corporate governance, and decision-making processes that shape company dynamics. Specifically, performance impact relates to the ability and extent to which a firm can shape its environment, both internally and externally.

Related Questions

What is the term that describes the ability of a market participant to influence prices instead of merely being forced to accept market prices?

The term is Market Power!


What is the term that describes ability of a market participant to influence prices instead of merely being forced to accept market prices?

The term is Market Power!


What is the term that describes the ability of a market participant to influence prices instead of merely being forced to accepted market prices?

The term is Market Power!


What is the term of the ability of a market participant?

market power


What best describes the ability of one branch of government to limit the influence of power and the duties of the other branches of government?

checks and balances


What term has the definition of possession of contro authority or influence over others?

The term that describes the possession of control, authority, or influence over others is "domination." It refers to the ability to exert power or command over individuals or groups, often impacting their decisions and behaviors. Domination can occur in various contexts, including social, political, and economic spheres.


What is power classified as?

Power is typically classified as either political power, economic power, or social power. Political power refers to the ability to influence decisions and policies, economic power is the ability to control resources and wealth, and social power is the ability to shape beliefs and values within a society.


What is the term that describes the ability of a market participants to influence prices instead of merely being forced to accept market price?

The term is Market Power!


What is the ability to prevent one participant in an electronic transaction from denying that it performed an action?

Nonrequdiation


How does inequality affect democracy in America?

People with different levels of wealth in the United States have different levels of ability to influence the political system and different levels of ability to increase their own economic stature. As a result, without a counterbalance, the wealthier individuals will have an unequal ability to influence policy and to draw wealth out from the poorer population.


What are the factors that influence municipal bonds ratings?

The factors that influence municipal bond ratings include the financial health of the issuing municipality, its ability to generate revenue, its debt levels, economic conditions, and any legal or regulatory risks.


Which best describes the ability to govern?

sovereignty