Question:
Market power is defined as
| A. |
the ability of a firm to charge any price it wants |
B. |
produce and sell as large a quantity as possible at high prices |
C. |
the ability of a seller or buyer to affect the market price of a good or service |
D. |
sell large a quantity at high prices |
Answer» c. the ability of a seller or buyer to affect the market price of a good or service |
| Note: |
The above multiple-choice question is for all general and Competitive Exams in India. |
