Which of the following is not a determinant of market power?
A)Number of producers.
B)Availability of substitutes.
C)Barriers to entry.
D)Age of the industry.

Question

Quizplus · Accepted Answer

The age of the industry is not a determinant of market power. The other options listed (number of producers, availability of substitutes, and barriers to entry) are all factors that affect a firm's ability to establish and maintain market power.

Which of the Following Is Not a Determinant of Market