answersLogoWhite

0


Best Answer

Market power is an often used term in studying economics and understanding why things happen in the business world. Generally speaking, market power means that a company or an industry can influences prices of various products. A large oil company for example, can influence market prices of crude oil by pumping out an unusual amount of crude oil for the market place. This in its course will lower crude prices.

User Avatar

Wiki User

10y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is meant by the term market power?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

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

market power


What is meant by the term power overlap?

Like, Power Redundancy?


What is meant by term value-driven?

It is a market driven by reasonable market prices that satisfy the needs of the customer.


What is meant by the term voltage?

It means electricity power


What is meant by the term duopoly?

A monopoly has one producer in a market and duopoly has two.


What is the term that describes the abillity of a market participant to influence prices instead of merely 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 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 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 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 meant by the term market in the subject of market segments?

market portion. Lets say real estate was the market and you specialize in unit developments then your market segment would be unit developments


What is meant by the term 'candle power'?

The term candle power refers to a unit of measuring luminosity or light. The term candle power is now an obsolete term that was once used in the 1800's.