Question: 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

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://www.youtube.com/watch?v=goorf9XFZGU

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