Economic Concepts / Market Power

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View the video at the link below and share
your thoughts on the economic concepts that you believe are applicable. In your
response, provide a rationale on whether or not a firm has to possess market
power in order to raise prices.

Brickley, J., Smith, C., & Zimmerman, J. (2015).
Managerial economics and organizational architecture. McGraw-Hill Education.

 
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