Examlex
Which of the following statements about parties in Congress is true?
Market Power
The ability of a firm or group of firms to control prices or exclude competition within a market.
Influence Market Prices
The action or power of a factor to affect the prices in a market, which could be through supply, demand, or external factors.
Externality
A consequence of an economic activity experienced by unrelated third parties; can be either positive or negative.
Neighbors
Individuals or entities located near one another, often used in the context of residential, geographic, or international proximity.
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