13 15 Monopoly power is defined as: the power that exists when a firm has only product power, not market power. the power that exists when a firm has less than fifty competitors. the power that exists when a firm has the power to control prices or exclude competition. the power that exists when a firm has a significant amount of market power but not enough to affect the market price of its product. 14 1$ Setting prices in such a way that two competing buyers pay two different prices for an identical product or service is referred to as: supply discrimination. asset discrimination. demand discrimination. O O price discrimination. 15 1 Which of the following is a type of anticompetitive agreement that is considered to be so blatantly and substantially anticompetitive that it will be deemed a per se violation of Section 1 of the Sherman Act? A vertical merger A divestiture O A price-fixing agreement O A boycott