market power

The ability to reduce output and raise prices above the competitive level — specifically, above marginal cost — for a sustained period, and to make a profit by doing so.

• In antitrust law, a large amount of market power may constitute monopoly power. See MONOPOLIZATION. Cf. MARKET SHARE.

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词条贡献者

译员Joanne，亚洲顶尖法学院国际贸易专业，擅长翻译涉及媒体、体育和娱乐领域的法律文件。