The ability of an individual firm to exert control over prices prevailing in the markets for its products or services. The highest degree of market power is associated with a monopoly, although all firms except those in perfectly competitive markets possess some degree of market power. Countries' competition policies generally are aimed at curbing the perceived economic and political costs associated with market power.
Ability of a firm or other market participant to influence price by varying the amount that it chooses to buy or sell. Ability of a country to influence world prices by altering its trade policies.
a firm's power to set its price without losing its entire share of the market.
The ability of a market participant, as a result of its control of sufficient or essential facilities, to profitably set prices above or reduce supply below that which would occur in a fully competitive market.
A firm is said to have market power in its product market to the extent that it can profitably raise price above competitive levels. Conversely, a firm has market power in an input market to the extent that it can profitably reduce price below competitive levels. Generally, firms are more likely to possess market power in markets with high concentration and entry barriers.
Large companies owning a high percentage of generation that can wield size in the market place and dominate prices.
the ability of an undertaking or undertakings consistently and profitably to charge prices higher than if it or they faced effective competition.
The power that a firm has in a relevant market in the absence of effective competitive constraints in that market.
The ability of a seller/buyer, either individually or in collaboration with other sellers/buyers, to influence the price of electricity in the market.
the ability to raise prices above the competitive level for a non-transitory period.
The ability of any market trader with a large market share to significantly control or affect price by withholding production from the market, limiting service availability, or reducing purchases.
refers to the ability to influence price of a product
When one or a few large companies dominate power production in a regional market and use such dominance to manipulate the market.
The ability of buyers or sellers to exert influence over the price or quantity of products exchanged in a market. Market power depends on the number of competitors on each side of the market. If a market has relatively few buyers, but many sellers, then the buyers tend to have relatively more market power than sellers. The converse occurs if there are many buyers, but relatively few sellers. If the market is controlled on the supply side by one seller, we have a monopoly, and if it is controlled on the demand side by one buyer, we have a monopsony. Most markets are subject to some degree of power by the participants in it.
In economics, market power is the ability of a firm to alter the market price of a good or service. A firm with market power can raise price without losing all customers to competitors.
