SEU Market Power Discussion

admin one

9 months ago

SEU Market Power Discussion

Description

1. Describe in your own words the concept of market power.
2. Provide an example of a firm exercising its market power. Referring to your example above, answer the following questions:
  - What are the sources of the firm’s market power?
  - Can they be sustained over a short run / long run?
3. Answer the question below in your conclusion:
- - Why is it hard for a firm to maintain market power over a Long Run?

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