What do you think are the pluses (advantages) and minuses (disadvantages) when firms have market power? Be sure to explain your answer from a consumer and a firm’s point of view.

Question

What do you think are the pluses (advantages) and minuses (disadvantages) when firms have market power? Be sure to explain your answer from a consumer and a firm’s point of view.

why did ESPRIT closed all stores in the U.S. Include a few of these word
Diseconomies of scale
Economies of scale
Market power
Monopoly
Natural monopoly
Oligopoly
Price discrimination
Price searcher
Product
differentiation

Answer 1

What do you think are the pluses (advantages) and minuses (disadvantages) when firms have market power? Be sure to explain your answer from a consumer and a firm’s point of view.

Because they don't do the work for you, they check to see if your answers are right. & tell you if they're not!