market power
Marktmacht
The ability of a firm to profitably raise the market price of a good or service over…The ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.
Meaning
1 senses(uncountable)The ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.
Marktmacht
Translations
3 languagesDeutsch
By meaning 1
Translations:
Word family
5 related wordsLessons for this word
1 lessons- A1Countable and uncountable nouns — Because it can be uncountable