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market power
market power
Danh từ
This term is primarily used in economics, law, and business strategy to describe a competitive advantage that borders on monopoly. It carries a neutral technical tone in academic settings but often takes on a negative connotation in legal or political contexts, where it is associated with "market failure" or "anti-competitive behavior."
Because it refers to an abstract capacity or influence, it is treated as an uncountable noun. You cannot refer to "market powers" when discussing a firm's ability to set prices; instead, you would describe the degree or level of that power.
Ý nghĩa
Từ liên quan
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