market power
market power noun: the ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.
Noun
market power (uncountable)
- The ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.
Questions about market power
- What does market power mean?
- Market power means the ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.
- What part of speech is market power?
- Market power is a noun.
Words near market power in the dictionary
Source and license
Adapted from Wiktionary: market power (page history and authors). Text available under the Creative Commons Attribution-ShareAlike 4.0 license. Word.ws reformatted the entry and added links. Wiktionary data of 2026-09-02.
Last updated:
Cite this entry: “market power.” Word.ws, https://word.ws/market_power. Based on Wiktionary, CC BY-SA 4.0.
