Noun
market power (uncountable)
(economics) The ability of a firm to profitably raise the market price of a good or service over marginal cost.
Suppliers and especially manufacturers have market power because they have information about a product or a service that the customer does not and cannot have, and does not need if he can trust the brand. This explains the profitability of brands. Peter Drucker
New technologies (reinforced by new trade rules) are enhancing the market power of incumbent, dominant firms, such as Microsoft, which are all from the developed world; for the first time, in a key global industry, there is a near-global monopolist. Joseph Stiglitz
China is not only formidable, it is also aggressively building its own economic infrastructure. Just a few years from now, China will rival the U.S. and the European Union in global market power. It already has surpassed us in population. Jo Ann Emerson
We need to exert ourselves that much more, and break out of the vicious cycle of dependence imposed on us by the financially powerful those in command of immense market power and those who dare to fashion the world in their own image. Nelson Mandela
Market power Market power is the ability to increase the product's price above marginal cost without losing all customers. Source: Internet
Market power means that the firm has control over the terms and conditions of exchange. Source: Internet