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    Principles of Microeconomics
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    Exam 12: Price and Output Determination Under Oligopoly
  5. Question
    Market Power Refers to the
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Market Power Refers to the

Question 170

Question 170

Multiple Choice

Market power refers to the


A) firm's ability to control the industry's supply and demand
B) joining of firms into a cartel
C) firm's ability to control market price
D) market's ability to control a firm's price
E) industry's ability to control market price

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