A few overlapping services might go, but neither airline would have too big a chunk of the market and thus undue pricing power.
More than anything, overcapacity undermines pricing power.
The Organization of petroleum Exporting Countries (the OPEC cartel), with its strong pricing power, still plays a role.
Though crude oil is the main ingredient of gasoline, processed foods like cereal, crackers or cookies use only a small amount of corn, wheat and other grains, limiting manufacturers' pricing power.
Some economists argue this makes no sense, despite the fear of a loss of pricing power to a Chinese monopsony.
Grocery stores, for example, will have pricing power they haven't experienced in years.
Global customers of iron ore believe it will entrench the miners' pricing power.
Usually, price wars wreak havoc because they erode the pricing power of an entire business.
Although soda ash customers across the globe were still working off inventory, us producers had not yet taken full advantage of their pricing power to gain international market share, Walter said.
The balance of pricing power has shifted in the miners' favour due to the emergence of China as a voracious consumer over the past 10 years.
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