In your response, provide a rationale on whether or not a firm has to possess market power in order to raise prices.

How to Raise Prices Without Losing Customers

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.

How to Raise Prices Without Losing Customers

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In your response provide a rationale on whether or not a firm has to possess market power in order to raise prices.

APA

300 words

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