Bargaining power
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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.
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See also
- Bargaining
- Collective buying power
- Inequality of bargaining power
- Intra-household bargaining
- Porter five forces analysis
- Purchasing power
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