__________ is the power to control prices or exclude competition in a relevant market.
A) Horizontal price-fixing
B) Vertical market division
C) A tying arrangement
D) Market power

Question

__________ is the power to control prices or exclude competition in a relevant market.
A) ​Horizontal price-fixing
B) ​Vertical market division
C) ​A tying arrangement
D) ​Market power

Quizplus · Accepted Answer

Market power refers to the ability of a single company or a group of companies to exert control over the supply and demand of a particular product or service in a relevant market. This ability can be used to control prices, exclude competition, or influence market conditions in other ways. Horizontal price-fixing, vertical market division, and tying arrangements are all tactics that a company with market power may use to maintain its dominance in a particular market.

__________ Is the Power to Control Prices or Exclude Competition