1 - Market Power by Kristen Meadows

Market power

2025-01-14 07:22:08 UTC

Market power leads to many problems as this means that companies can influence the market meaning other smaller companies wont be able to have as many customers due to the influence of a larger brand or company.

Apple

2026-01-14 03:37:47 UTC

A company with high market power can raise the prices because they are able to raise the prices more and trick people for more money. The government can tax these goods or services to earn a higher proportion of revenue since consumers are charged at a higher price.

2026-01-14 03:44:32 UTC

Prices might increase due to the companies having a lot of power

James Sam Raphael

2026-01-14 03:46:03 UTC

The power of these sectors in monoplies have strong market power and influence as they control flow of supply to consumer for example Bangkok Airways who control all flights to Koh Samui therefore can raise the price dramatically

Liam Daniel Thynith

2026-01-14 03:48:25 UTC

Companies like apple have a large dominance over the electronics industry this lead apple being able to charge much higher prices due to the customers loyalty and trust. This monopoly causes market failure as customers might only buy from apple leading to an unjust scale of power.

Smaller businesses going out of business

2026-01-14 03:53:45 UTC

Due to larger companies selling same/similar products they may not be able to make enough sales to keep the business going