Market Power

… a core term used in Economic Analysis and Atlas102


The Economist defines market power a situation when one buyer or seller in a market has the ability to exert significant influence over the quantity of goods and services traded or the price at which they are sold.

The Economist goes on to say:

“Market power does not exist when there is perfect competition, but it does when there is a monopoly, monopsony, or oligopoly.”

Atlas topic, subject, and course

Monopoly and Price Discrimination (core topic) in Economic Analysis and Atlas102 Economic Analysis.


The Economist, Market power, Economics A-Z, at, accessed 7 May 2016.

Page created by: Ian Clark, last modified 7 May 2016.