Economy, asked by saikiranreddysura, 4 months ago

the degree of market power is determined by​

Answers

Answered by yuvikachibhrani3
0

Answer:

Market power is the ability of a firm to increase profits by setting a price above marginal cost. Most real world firms acquire some degree of market power by producing goods that have no perfect substitutes. product characteristics location customer service and by informational asymmetr

please mark my answer as brainliest

Similar questions