Changes

724 bytes added , 20:42, February 27, 2021

no edit summary

Line 2: Line 2:

Monopoly power is sometimes used as a synonym for market power, but a firm can have market power without being a monopoly.

+

One definition of market power was explained by the [[Supreme Court of the United States]] as follows:

+

{{cquote|“Market power is the ability to raise price profitably by restricting output.” Areeda & Hovenkamp §5.01 (emphasis added); ''accord'', ''Kodak'', 504 U. S., at 464, 112 S. Ct. 2072, 119 L. Ed. 2d 265; ''Business Electronics'', 485 U. S., at 723, 108 S. Ct. 1515, 99 L. Ed. 2d 808. This Court will “not infer competitive injury from price and output data absent some evidence that tends to prove that output was restricted or prices were above a competitive level.” ''Brooke Group Ltd.'', 509 U. S., at 237, 113 S. Ct. 2578, 125 L. Ed. 2d 168.}}

+

''Ohio v. Am. Express Co.'', 138 S. Ct. 2274, 2288 (2018)

[[Category:Economics]]

[[Category:Antitrust]]

Aschlafly

Anthony, Irenaeus, Siteadmin, apieditor, Bureaucrats, Check users, nsAm_Govt_101RO, nsAm_Govt_101RW, nsAm_Govt_101_ta, nsJudgesRO, nsJudgesRW, nsJudges_talkRO, nsJudges_talkRW, nsTeam2RO, nsTeam2RW, nsTeam2_talkRO, nsTeam2_talkRW, oversight, Administrators

126,215

edits

Changes

Market power (view source)

Revision as of 20:42, February 27, 2021

Navigation menu

Search