Assume that you own and operate a firm which operates in an industry with the following characteristics many fime compete against you, but you stil have some market power because your product is somewhat. aferent and percelved by oustomers as superior to your compedtors You also face a kat of potential competition from possible new entry of adalional firms because of low barriers to entry. How would you descrbe your pricing and merket power in this industry? Oa High degree of pricing and market power Ob. Low degree of prioing and market power Oc No pricing and market power Od Some pricing power but no market power Oe Some market power but no pricing power