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Simple English definitions for legal terms

market power

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A quick definition of market power:

Market power is the ability of a company to raise prices and reduce the amount of goods or services they produce without losing too many customers. This means that they can charge more than what it costs them to make the product and still make a profit. When a company has a lot of market power, they may be able to control the market and prevent other companies from competing with them. This can be bad for consumers because they may have to pay more for products or services than they would if there were more competition.

A more thorough explanation:

Definition: Market power refers to the ability of a company or a group of companies to control the market by reducing output and raising prices above the competitive level for a sustained period. This allows them to make a profit by doing so. In antitrust law, having a large amount of market power may constitute monopoly power.

For example, if a company has a monopoly on a certain product, they have complete market power and can charge whatever price they want without fear of losing customers to competitors. Another example is when a group of companies collude to fix prices, which gives them market power over the industry.

Market power is harmful to consumers because it limits their choices and forces them to pay higher prices. It also stifles competition and innovation in the market.

market portfolio | market price

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bbq it is
law school has made me unaware of the days of the week
me too, me too
amlaw
17:40
do you guys want to hear my newest irrational fear
[] ararara
18:18
That you have so much fun tonight dancing after the sun goes down you fall in love but way too hard and your heart pops!
[] ararara
18:19
Hi wherever you are hope you have a great Saturday! Stay hydrated!
hydrating! 👹
[] ararara
19:12
Hahah lolll show those fools your dance moves!! I am actually about to start working until about 4 in the morning so I can go out of town Tuesday so avenge me!
[] ararara
19:12
I came face to face with an Amazon worker on prime day though and that was crazy. Don’t think I’ll ever forget that. They looked completely drained it was insane.
rip to that young lad, wishing them hydration and days off from work. don’t work yourself too hard ara! chronic stress kills!
[] ararara
19:16
Thanks wasp right back at you! You too! This work is really interesting! It’s one of three jobs where it’s been hard to stop before school starts for sure.
babybunny
22:59
you have to be the art hoe gf u want to see in the world
willing
manifestmoreadmissions
0:24
bunny i am trying so hard idk if i can cut it
amlaw what's your fear
amlaw
10:02
that i got rejected from washu and just didn't see the email even though i've checked my spam and everything because they don't change their portals at all
that sucks :(
amlaw
10:36
and i know its crazy lol
hahaha yes it is crazy lol
babybunny
15:03
Heard Biden dropped out of the race. Made me remember when you said bye den dropped out of my life. You'll always be my first choice nominee. No need to text back
amlaw
15:03
i have never fully comprehended any of your messages bunny
when you said bye den dropped out of my life
i have a 3.38 and hope to get a 175+ on the LSAT
Does anyone know which schools place in federal positions outside of T14? UT,SMU, TAMU, George Mason, George Washington, ASU)
odds for sls waitlist this cycle?
Justvibin123
18:33
Who ever is accepted at Wayne state and is not attending can you please withdraw your app 🥹
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