| 单词 | monopoly power |
| 释义 | monopoly power The degree of control monopolists have in their markets. This is an elusive concept to measure. If monopoly is interpreted broadly as lack of competition, monopoly power can be judged by concentration measures such as the Herfindahl index. If monopoly is interpreted strictly as there being only a single seller, it has been suggested that monopoly power could be measured by the ratio of price to marginal cost. |
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