Which of the following firms have market power?

Question

Quizplus · Accepted Answer

All of the above firms have market power, meaning they have the ability to influence market prices and output due to their size, brand recognition, and other factors that limit competition. Private universities have a degree of market power as they can set tuition prices that students are willing to pay, and there are limited alternatives for higher education. Fast food chains like McDonald's similarly have brand recognition and economies of scale that make it difficult for smaller competitors to enter the market, giving them market power. Theme parks also have market power as they can set admission prices that visitors are willing to pay, and there are limited alternatives for entertainment of this kind.

Which of the Following Firms Have Market Power