Dominant enterprises in an industry may be able to exercise a degree of pricing power,setting different prices in different markets to reflect varying demand conditions.This is referred to as:

Question

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In the market for semiconductor equipment,Applied Materials has a commanding market share lead in almost every important national market.Microsoft dominates the market for personal computer operating systems and applications systems around the world,and so on.In such cases,dominant enterprises may be able to exercise a degree of pricing power,setting different prices in different markets to reflect varying demand conditions.This is referred to as price discrimination.

Dominant Enterprises in an Industry May Be Able to Exercise