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I have this discussion i need help with

Business Finance, University of Alabama at Birmingham

I have this discussion i need help with

Question Description

I’m working on a business discussion question and need an explanation and answer to help me learn.

View the video at the link below and share your thoughts on the economic concepts that you believe are applicable. In your response, provide a rationale on whether or not a firm has to possess market power in order to raise prices.
https://youtu.be/goorf9XFZGU

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