prijsmaker
A "prijsmaker" is a Dutch term that translates to "price maker" in English. It refers to an entity, typically a company, that has the power to influence the market price of a good or service rather than accepting the prevailing market price. This is in contrast to a "price taker," which must accept the market price as given.
Price makers are usually found in markets that are not perfectly competitive. These include markets with a
The ability to be a price maker gives a firm considerable market power. However, this power is