Market domination
Term in competition regulation and anti-monopolistic law
Market dominance is the control of an economic market by a firm. A dominant firm possesses the power to affect competition and influence market price.
Nº Q1361092 ★
Common · Knowledge
Market domination
Term in competition regulation and anti-monopolistic law
Market dominance is the control of an economic market by a firm. A dominant firm possesses the power to affect competition and influence market price.
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From Wikipedia
Market dominance is the control of an economic market by a firm. A dominant firm possesses the power to affect competition and influence market price. A firm's dominance is a measure of the power of a brand, product, service, or firm, relative to competitive offerings, whereby a dominant firm can behave independent of their competitors or consumers, and without concern for resource allocation. Dominant positioning is both a legal concept and an economic concept and the distinction between the two is important when determining whether a firm's market position is dominant. Although market dominance itself is legal, abuse of market dominance is an anti-competitive practice.
Text: Wikipédia, CC BY-SA 4.0. ·
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