Market power is defined as

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    the ability of a firm to charge any price it wants.
    produce and sell as large a quantity as possible at high prices.
    the ability of a seller or buyer to affect the market price of a good or service.
    none of the above
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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the ability of a seller or buyer to affect the market price of a good or service.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)

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