Respuesta :
Answer:
The correct answer is C. Influence the market price of the good as it sells..
Explanation:
A company is said to have market power when it can increase and maintain the price of its products or services above the level that would exist in a perfectly competitive market.
Due to the price increase, demand may decrease. Therefore, market power can lead to a reduction in the quantity produced (and sold). Which entails a reduction in the welfare of society.
Answer:
The correct answer is letter "C": influence the market price of the good it sells.
Explanation:
Market power refers to the ability a firm has to change the price of a good or service in the market without changing the supply, demand or both of them. Companies with market power are called "price makers". This scenario is more frequent to see in monopolistic or oligopolistic market models.
