Principal articles-market design and market power

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Principal articles: Market design and market power

Specialists in a market can acquire market power, permitting them to impede other commonly advantageous additions from exchange from happening. This can prompt failure because of defective rivalry, which can take various structures, for example, monopolies, monopsonist monopolistic contest, on the off chance that the specialist doesn't carry out wonderful cost segregation.

Reference no: EM133211256

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