Firms have market power when they can influence ________.
A) competition
B) prices
C) sourcing
D) mergers

Name: Firms have market power when they can influence ________. A) competition B) prices C) sourcing D) mergers
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Question

Quizplus · Accepted Answer

Market power refers to the ability of a firm to influence prices within its market. While a firm may have some influence over competition and sourcing, these factors do not necessarily indicate market power. Mergers may impact market power, but are not directly indicative of it.

Firms Have Market Power When They Can Influence ________