The table below shows the cross elasticities of demand (XED) for the products of four different firms with respect to the prices of their closest substitute goods.
| Product of | Cross elasticity of demand |
|---|---|
| Firm W | +2.5 |
| Firm X | +1.4 |
| Firm Y | +0.8 |
| Firm Z | +0.2 |
All other things being equal, which one of the firms is most likely to possess the greatest market power?
Firm W
Firm X
Firm Y
Firm Z
