Market power is ? – McqOptions

MCQOPTIONS

1.	Market power is ?
A.	a firm’s ability to monopolies a market completely.
B.	a firm’s ability to raise price without losing all demand for its product
C.	a firm’s ability to sell any amount of output it desires at the market-determined price.
D.	a firm’s ability to charge any price it likes
Answer» C. a firm’s ability to sell any amount of output it desires at the market-determined price.

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