Market power/Definition: Difference between revisions

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imported>John Dvorak
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The ability of a supplier to exercise a degree of choice concerning the pricing of a product by restricting its supply. (see [[Competition policy]])
The ability of a supplier to exercise a degree of choice concerning the pricing of a product by restricting its supply. (see [[Competition policy]])

Revision as of 22:37, 22 May 2008

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Market power [r]: The ability of a supplier to exercise a degree of choice concerning the pricing of a product by restricting its supply. (see Competition policy)