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09-04-2019
Business

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What do firms stand to gain by increasing their market power?

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09-04-2019

Increasing market power allows firms to raise prices and not lose customers. This is a way to increase revenues without increasing cost.

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Cricetus Cricetus

14-10-2021

The firms stand "Increase in profit". A further explanation is below.

Market power would be a company's capacity to raise profitability through pricing well beyond its contribution margin revenues. Often these genuine companies gain a dominant market position by creating items for which there are no ideal replacements.
Variance throughout specific products as well as geography limit the extent of replacement seen between the outcomes of various businesses.

Thus the above answer is right.

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https://brainly.com/question/15105631

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