Bargaining power definition

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Bargaining power

Bargaining power logo #21000 Bargaining power is the relative ability of parties in a situation to exert influence over each other. If both parties are on an equal footing in a debate, then they will have equal bargaining power, such as in a perfectly competitive market, or between an evenly matched monopoly and monopsony. There are a number of fields where the concept of bar...
Found on http://en.wikipedia.org/wiki/Bargaining_power
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