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Bargaining power
In economics, bargaining power refers to the ability to influence the setting of prices or (nominal) wages, usually arising from some sort of monopoly or monopsony position -- or a non-equilibrium situation in the market. The economic actor with more bargaining power has more economic freedom than those with similar assets.
10-26-2009 08:16:03
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The contents of this article is licensed from www.wikipedia.org under the GNU Free Documentation License. Click here to see the transparent copy and copyright details


