Market power/Definition: Difference between revisions
Jump to navigation
Jump to search
imported>Nick Gardner No edit summary |
imported>Nick Gardner mNo edit summary |
||
| Line 1: | Line 1: | ||
<noinclude>{{subpages}}</noinclude> | <noinclude>{{subpages}}</noinclude> | ||
The ability of a supplier to exercise a degree of choice concerning the pricing of a product by restricting its supply: | The ability of a supplier to exercise a degree of choice concerning the pricing of a product by restricting its supply: a measure of departure from the ideal of ''perfect competition'' in which every supplier is a price-taker | ||
a measure of departure from the ideal of ''perfect competition'' in which every | |||
Revision as of 09:09, 3 November 2009
This article contains just a definition and optionally other subpages (such as a list of related articles), but no metadata. Create the metadata page if you want to expand this into a full article.
Market power [r]: The ability of a supplier to exercise a degree of choice concerning the pricing of a product by restricting its supply: a measure of departure from the ideal of perfect competition in which every supplier is a price-taker