The ability of a firm to raise the price without losing all its sales to rivals is called _____

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Market power refers to a firm's ability to raise the price of its products without losing all its sales to competitors. This is usually possible when the firm has a unique product or service, significant brand recognition, or operates in a market with limited competition. Social regulation relates to government policies aimed at promoting the well-being of society, while economies of scale refer to the cost advantages gained by firms who increase the scale of production. Economic regulation and antitrust policy are both government interventions aimed at ensuring fair competition and preventing abuses of market power.

The Ability of a Firm to Raise the Price Without