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47 relations: Anti-competitive practices, Bargaining power, Barriers to entry, Capacity utilization, Cartel, Collusion, Competition law, Contestable market, Cost curve, Deadweight loss, Demand curve, Divestment, Dominance (economics), Economics, Herfindahl index, IBM PC compatible, Imperfect competition, Industrial organization, Jean Tirole, Lerner index, Marginal cost, Market (economics), Market concentration, Market failure, Market price, Mergers and acquisitions, Microsoft, Monopoly, Monopsony, Natural monopoly, Nobel Memorial Prize in Economic Sciences, Oligopoly, Oligopsony, OPEC, Operating system, Perfect competition, Predatory pricing, Price, Price discrimination, Price elasticity of demand, Regulatory economics, Standard Oil, Supreme Court of the United States, Theory of the firm, Tying (commerce), United States v. Microsoft Corp., Web browser.
Anti-competitive practices
Anti-competitive practices are business, government or religious practices that prevent or reduce competition in a market (see restraint of trade).
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Bargaining power
Bargaining power is the relative ability of parties in a situation to exert influence over each other.
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Barriers to entry
In theories of competition in economics, a barrier to entry, or an economic barrier to entry, is a cost that must be incurred by a new entrant into a market that incumbents do not have or have not had to incur.
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Capacity utilization
Capacity utilization or capacity utilisation is the extent to which an enterprise or a nation uses its installed productive capacity.
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Cartel
A cartel is a group of apparently independent producers whose goal is to increase their collective profits by means of price fixing, limiting supply, or other restrictive practices.
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Collusion
Collusion is an agreement between two or more parties, sometimes illegal–but always secretive–to limit open competition by deceiving, misleading, or defrauding others of their legal rights, or to obtain an objective forbidden by law typically by defrauding or gaining an unfair market advantage.
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Competition law
Competition law is a law that promotes or seeks to maintain market competition by regulating anti-competitive conduct by companies.
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Contestable market
In economics, the theory of contestable markets, associated primarily with its 1982 proponent William J. Baumol, holds that there are markets served by a small number of firms that are nevertheless characterized by competitive equilibria (and therefore desirable welfare outcomes) because of the existence of potential short-term entrants.
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Cost curve
In economics, a cost curve is a graph of the costs of production as a function of total quantity produced.
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Deadweight loss
A deadweight loss, also known as excess burden or allocative inefficiency, is a loss of economic efficiency that can occur when equilibrium for a good or a service is not achieved.
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Demand curve
In economics, the demand curve is the graph depicting the relationship between the price of a certain commodity and the amount of it that consumers are willing and able to purchase at any given price.
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Divestment
In finance and economics, divestment or divestiture is the reduction of some kind of asset for financial, ethical, or political objectives or sale of an existing business by a firm.
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Dominance (economics)
Market dominance is a measure of the strength of a brand, product, service, or firm, relative to competitive offerings.
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Economics
Economics is the social science that studies the production, distribution, and consumption of goods and services.
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Herfindahl index
The Herfindahl index (also known as Herfindahl–Hirschman Index, HHI, or sometimes HHI-score) is a measure of the size of firms in relation to the industry and an indicator of the amount of competition among them.
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IBM PC compatible
IBM PC compatible computers are computers similar to the original IBM PC, XT, and AT, able to use the same software and expansion cards.
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Imperfect competition
In economic theory, imperfect competition is a type of market structure showing some but not all features of competitive markets.
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Industrial organization
In economics, industrial organization or industrial economy is a field that builds on the theory of the firm by examining the structure of (and, therefore, the boundaries between) firms and markets.
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Jean Tirole
Jean Tirole (born 9 August 1953) is a French professor of economics.
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Lerner index
The Lerner index, formalized in 1934 by Abba Lerner, describes a firm's market power.
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Marginal cost
In economics, marginal cost is the change in the opportunity cost that arises when the quantity produced is incremented by one unit, that is, it is the cost of producing one more unit of a good.
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Market (economics)
A market is one of the many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange.
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Market concentration
In economics, market concentration is a function of the number of firms and their respective shares of the total production (alternatively, total capacity or total reserves) in a market.
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Market failure
In economics, market failure is a situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.
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Market price
In economics, market price is the economic price for which a good or service is offered in the marketplace.
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Mergers and acquisitions
Mergers and acquisitions (M&A) are transactions in which the ownership of companies, other business organizations, or their operating units are transferred or consolidated with other entities.
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Microsoft
Microsoft Corporation (abbreviated as MS) is an American multinational technology company with headquarters in Redmond, Washington.
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Monopoly
A monopoly (from Greek μόνος mónos and πωλεῖν pōleîn) exists when a specific person or enterprise is the only supplier of a particular commodity.
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Monopsony
In economics, a monopsony (from Ancient Greek μόνος (mónos) "single" + ὀψωνία (opsōnía) "purchase") is a market structure in which only one buyer interacts with many would-be sellers of a particular product.
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Natural monopoly
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.
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Nobel Memorial Prize in Economic Sciences
The Nobel Memorial Prize in Economic Sciences (officially Sveriges riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne, or the Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel), commonly referred to as the Nobel Prize in Economics, is an award for outstanding contributions to the field of economics, and generally regarded as the most prestigious award for that field.
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Oligopoly
An oligopoly (from Ancient Greek ὀλίγος (olígos) "few" + πωλεῖν (polein) "to sell") is a market form wherein a market or industry is dominated by a small number of large sellers (oligopolists).
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Oligopsony
An oligopsony (from Ancient Greek ὀλίγοι (oligoi) "few" + ὀψωνία (opsōnia) "purchase") is a market form in which the number of buyers is small while the number of sellers in theory could be large.
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OPEC
The Organization of the Petroleum Exporting Countries (OPEC,, or OPEP in several other languages) is an intergovernmental organization of nations, founded in 1960 in Baghdad by the first five members (Iran, Iraq, Kuwait, Saudi Arabia, and Venezuela), and headquartered since 1965 in Vienna, Austria.
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Operating system
An operating system (OS) is system software that manages computer hardware and software resources and provides common services for computer programs.
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Perfect competition
In economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition.
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Predatory pricing
Predatory pricing, also known as undercutting, is a pricing strategy in which a product or service is set at a very low price with the intention to drive competitors out of the market or to create barriers to entry for potential new competitors.
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Price
In ordinary usage, a price is the quantity of payment or compensation given by one party to another in return for one unit of goods or services.
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Price discrimination
Price discrimination is a microeconomic pricing strategy where identical or largely similar goods or services are transacted at different prices by the same provider in different markets.
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Price elasticity of demand
Price elasticity of demand (PED or Ed) is a measure used in economics to show the responsiveness, or elasticity, of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
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Regulatory economics
Regulatory economics is the economics of regulation.
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Standard Oil
Standard Oil Co.
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Supreme Court of the United States
The Supreme Court of the United States (sometimes colloquially referred to by the acronym SCOTUS) is the highest federal court of the United States.
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Theory of the firm
The theory of the firm consists of a number of economic theories that explain and predict the nature of the firm, company, or corporation, including its existence, behaviour, structure, and relationship to the market.
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Tying (commerce)
Tying (informally, product tying) is the practice of selling one product or service as a mandatory addition to the purchase of a different product or service.
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United States v. Microsoft Corp.
United States v. Microsoft Corporation, 253 F.3d 34 (D.C. Cir. 2001), is a U.S. antitrust law case, ultimately settled by the Department of Justice (DOJ), in which Microsoft Corporation was accused of holding a monopoly and engaging in anti-competitive practices contrary to sections 1 and 2 of the Sherman Antitrust Act.
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Web browser
A web browser (commonly referred to as a browser) is a software application for accessing information on the World Wide Web.
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Redirects here:
Price maker, Price taker, Price takers, Price taking, Price-taking, Pricing power, Significant market power.
References
[1] https://en.wikipedia.org/wiki/Market_power
