Definitions for market power
mar·ket pow·er

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1. Market power

   In economics and particularly in industrial organization, market power is the ability of a firm to profitably raise the market price of a good or service over marginal cost. In perfectly competitive markets, market participants have no market power. A firm with total market power can raise prices without losing any customers to competitors. Market participants that have market power are therefore sometimes referred to as "price makers" or "price setters", while those without are sometimes called "price takers". Significant market power occurs when prices exceed marginal cost and long run average cost, so the firm makes economic profit. A firm with market power has the ability to individually affect either the total quantity or the prevailing price in the market. Price makers face a downward-sloping demand curve, such that price increases lead to a lower quantity demanded. The decrease in supply as a result of the exercise of market power creates an economic deadweight loss which is often viewed as socially undesirable. As a result, many countries have anti-trust or other legislation intended to limit the ability of firms to accrue market power. Such legislation often regulates mergers and sometimes introduces a judicial power to compel divestiture. A firm usually has market power by virtue of controlling a large portion of the market. In extreme cases—monopoly and monopsony—the firm controls the entire market. However, market size alone is not the only indicator of market power. Highly concentrated markets may be contestable if there are no barriers to entry or exit, limiting the incumbent firm's ability to raise its price above competitive levels. Market power gives firms the ability to engage in unilateral anti-competitive behavior. Some of the behaviours that firms with market power are accused of engaging in include predatory pricing, product tying, and creation of overcapacity or other barriers to entry. If no individual participant in the market has significant market power, then anti-competitive behavior can take place only through collusion, or the exercise of a group of participants' collective market power. The Lerner index and Herfindahl index may be used to measure market power.

How to pronounce market power?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say market power in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of market power in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of market power in Pythagorean Numerology is: 1

Examples of market power in a Sentence

1. Karine Jean-Pierre:

   Oil prices have dropped by about $ 15 over the past month, but prices at the pump have barely come down. That's not' basic market dynamics.' It's a market that is failing the American consumer, but I guess it's not surprising that you think oil and gas companies using market power to reap record profits at the expense of the American people is the way our economy is supposed to work.

2. Stephen Harper:

   But we understand, and it's important that everyone who's looking at this system understands, that this is an unusual situation where in the marketplace you have two large suppliers - the two big railway companies - where they have extraordinary market power, and we simply cannot accept outcomes where those two big companies would dictate to the market just what they think is satisfactory in their interests. That is not going to serve the wider interests of grain farmers or of the Canadian economy.

3. Jessica Brandt:

   Vaccines are a pathway to power, its soft power, it’s market power, pfizer is disproportionately the target of anti-western vaccine narratives … It may be because it was as the first western vaccine. It was perceived as the big target. It might also be because Pfizer's is a globally recognized U.S. brand.

4. The CER:

   The Commission has concerns regarding the fairness of Enbridge's open season process and the perception of abuse of Enbridge's market power.

5. Carl Szabo:

   Antitrust law requires proving three key elements : The first is market power. The second is abuse of market power. And the third is consumer harm.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Market_Power