What do you think are the pluses (advantages) and minuses (disadvantages) when firms have market power? Be sure to explain...

What do you think are the pluses (advantages) and minuses (disadvantages) when firms have market power? Be sure to explain your answer from a consumer and a firm’s point of view. why did ESPRIT closed all stores in the U.S. Cartel Include a few of these vocab Diseconomies of scale Economies of scale Market power Monopoly Natural monopoly Oligopoly Price discrimination Price searcher Product differentiation