Speakur

Word Pronunciation & Dictionary

market power

Word Rarity Common

Frequency: Zipf frequency 5.09 in modern English

Syllables
mar-ket pow-er
IPA
22
Scrabble Score
11
Letters
3
Syllables
9
Unique Chars

Meaning

noun

The ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.

Uncountable

Usage

Phrases

good value non-price competition perfect competition

Frequently Paired Words

good value monopoly non-price competition oligopoly perfect competition

Questions

What does market power mean?
The ability of a firm to profitably raise the market price of a good or service over marginal cost; also, the ability to raise it even further above marginal cost than it already is, even despite competitors' attempts to undersell.

How to pronounce market power

  1. Open the pronunciation page — Open the Speakur entry for “market power”.
  2. Read the phonetic spelling — Read the IPA spelling () so you know which sounds to aim for.
  3. Play the audio — Click Play to hear reference audio for “market power”.
  4. Repeat and practice — Say “market power” aloud, matching stress and vowels until it feels natural.