Business, 21.08.2019 16:30 xmanavongrove55

Xerox, the u. s. postal service, and mcdonald's have enjoyed significant market power in the past. list and explain three major factors that have eroded this market power. market power is eroded when a. better substitutes become available because the market has less competition. b. fewer substitutes are available because the market has less supply. c. no substitutes are available because consumers have no choices. d. better substitutes become available because consumers will not be willing to pay as much for a good. e. fewer substitutes are available because consumers are more sensitive to prices.

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Xerox, the u. s. postal service, and mcdonald's have enjoyed significant market power in the past. l...