1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
amm1812
2 years ago
12

What does Market Power mean?

Business
1 answer:
Kryger [21]2 years ago
3 0
Market power is the ability of a company or a firm/firm group to raise and maintain the price of a product. This also means that they need to maintain the price above the level that will be better than its competitors. This can also be called as monopoly power as well. However, it can lead towards loss of economic welfare as well.
You might be interested in
To determine customer opinion of their musical varietymusical variety​, sonysony randomly selects 140140 concertsconcerts during
shepuryov [24]
A data sample is a set of data collected and/or selected from a statistical population by a defined procedure, in statistics and quantitative research methodology. the elements of a sample are known as sample points, sampling units or observations. Cluster sample is a simple random sample of groups, or clusters, of the population often based on geography. In this case, this is a type of cluster sample.
4 0
2 years ago
?a(n) ________ is a manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offe
Vesna [10]
The correct answer would be acceptance. It is a manifestation of assent by the offeree to the terms of the offer in a manner invited or required by the offer as measured by the objective theory of contracts. It happens when the offeree and offeror are in mutual understanding between the terms in a contract.
8 0
3 years ago
Bailee works approximately 60 hours each week as an account executive with an advertising agency and rarely has time to shop. Sh
Papessa [141]

Answer:

Correct option is (a)

Explanation:

Convenience is one the most important benefit offered by online shopping websites. Not every fashion store offers services round the clock. The biggest advantage of online shopping is that it is one stop destination to purchase all types of products. It offers anytime anywhere shopping experience with no extra efforts in terms of time and waiting in queues. Products are delivered to the customer's doorsteps.

Bailee works 60 hours a week and has no time for going out for shopping. She loves the convenience of shopping online as she can shop sitting at home even at midnight and the product is delivered to her within 24 hours.

6 0
2 years ago
In a capitalist system, prices are controlled by A. the law of supply and demand. B. the Federal Reserve Board. C. the consumer
GrogVix [38]
A) the law of supply


i am in a business class about to go to college to major in business :)
3 0
2 years ago
Ursula has a high tolerance for ambiguity but focuses on technical aspects more than social aspects. She is a careful decision m
Serga [27]

Answer:

Analytical

Explanation:

3 0
3 years ago
Other questions:
  • Andrew, a project manager in a multinational company, accepts a very challenging project from his client as he feels that the em
    12·1 answer
  • The following information pertains to the Flying Fig​ Corporation:Total Units for information given7 comma 000Fixed Cost per Uni
    14·1 answer
  • Turner Company issued $300,000 of 6%, 5-year bonds at 98.
    13·1 answer
  • The basic premise of​ ______ is that firms should establish objectives and evaluate strategies on criteria other than using only
    5·1 answer
  • Marston Manufacturing Company is considering a project that requires an investment in new equipment of $3,600,000, with an addit
    15·1 answer
  • Free rider problems are everywhere. For example, some restaurants let each food server keep his or her own tips. Other restauran
    14·1 answer
  • 3. Project Manager John Boy has a policy of only using experienced, dependable, and proven sellers instead of selecting sellers
    10·1 answer
  • Where do the prime minster lives
    11·1 answer
  • Retailers handle the financial exchange when a customer pays for a product. This is an example of the ________ function of chann
    5·1 answer
  • x-co issued 1,000 shares of its 5%, $10 par value, cumulative preferred stock for $100 cash per share. the journal entry to reco
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!