An Industry's Buyers Have High Bargaining Power When

question 15

Multiple Choice

An industry's buyers have high bargaining power when:

• A) they purchase in small quantities.
• B) switching costs are low.
• C) it is economically impossible for them to purchase an input from several companies at once.
• D) the supply industry depends upon buyers for a very small percentage of its total orders.
• E) the industry is a monopoly.

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