Read the PDF or view the video link and share your thoughts on the economic concepts that you believe are applicable.

**Question 3 (article attached)
Read the PDF or view the video link and share your thoughts on the economic concepts that you believe are applicable. You can also view this video by using the NBC Learn link if it is available to the writer: The video is How to raise prices without losing Customers. Aired 07/20/2008 – In the response, provide a rationale on whether or not a firm has to possess market power in order to raise prices.