A suit is filed against Dormroom Furniture Unlimited,Inc.,alleging that the firm has committed the offense of monopolization.To determine the extent of Dormroom Furniture's market power,the court will use the

Question

A suit is filed against Dormroom Furniture Unlimited,Inc.,alleging that the firm has committed the offense of monopolization.To determine the extent of Dormroom Furniture's market power,the court will use the​

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The market-share test is used to determine the extent of market power of a firm accused of monopolization. This test compares the firm's market share with that of its competitors in the relevant market. If the firm's market share is significant and there are high barriers to entry in the relevant market, it may be deemed to have monopoly power.

A Suit Is Filed Against Dormroom Furniture Unlimited,Inc