Difference between revisions of "Market power"
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| − | + | '''Market power''' means the ability of a company to control prices or exclude competition. This term is commonly used in [[antitrust]] lawsuits, and has been repeatedly cited by judges in 255 cases in 2005 and 2006. It is the central term in [[antitrust]] litigation because the more market power that a company has, the more it can restrain trade. | |
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| − | + | [[Category:Economics]] | |
| − | + | [[Category:Antitrust]] | |
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Revision as of 15:01, August 7, 2010
Market power means the ability of a company to control prices or exclude competition. This term is commonly used in antitrust lawsuits, and has been repeatedly cited by judges in 255 cases in 2005 and 2006. It is the central term in antitrust litigation because the more market power that a company has, the more it can restrain trade.