What type of relationship exists between the level of a company's market power and the price that its owner is able to charge for its product?
A)circular
B)positive
C)negative
D)opposing

Question

Quizplus · Accepted Answer

A positive relationship exists between the level of a company's market power and the price that its owner is able to charge for its product. The more market power a company has, the higher the price it can charge for its products or services. This is because a company with high market power has less competition, allowing them to increase prices without losing customers to competitors.

What Type of Relationship Exists Between the Level of a Company's