What are the sources of the firm market power

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Reference no: EM133273548

Assignment - Market power

Description - Purpose - To assess your ability to:

Analyze the relationships between revenues, costs, and profits in a variety of market settings.

Discuss government regulations of less than competitive market structures and firms.

Discuss economists' approach to evaluating potential mergers and acquisitions.

1. Evaluate the extent of a company's market power.

2. Action Items

3. Write a one to two page paper, addressing the following:

4. Describe in your own words the concept of market power.

Provide an example of a firm exercising its market power. Referring to your example above, a swer the following questions:

What are the sources of the firm's market power?

Can they be sustained over a short run / long run?

Answer the question below in your conclusion: Why is it hard for a firm to maintain market power over a Long Run?

Reference no: EM133273548

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