A Certain Marble Quarry Provides a Unique Type of Marble

question 32

Multiple Choice

A certain marble quarry provides a unique type of marble that is richly colored and strikingly veined. It has been used for churches and public buildings throughout the world. The architect of a new headquarters for a prestigious Fortune 500 firm has specified the use of this marble,and this marble only,for this project. Which of the following statements is most likely to be true?

• A)The cost of the marble will be expensive because of the bargaining power of the supplier.
• B)The cost of the marble will be moderate because of the bargaining power of the buyer.
• C)The cost of the marble will be moderate because of economies of scale.
• D)The cost of the marble will be expensive because of the high strategic stakes involved.

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Definitions:

Zoning Rights

Legal regulations determining how specific areas of land can be used, affecting building types, sizes, and purposes.

Community Property

In certain states, all property acquired during a marriage, except for inheritances or gifts received during the marriage by either marital partner. Each spouse has a one-half ownership interest in community property.

Joint Tenancy

The joint ownership of property by two or more co-owners in which each co-owner owns an undivided portion of the property. On the death of one of the joint tenants, his or her interest automatically passes to the surviving joint tenant or tenants.

Community Property

A legal regime in some jurisdictions under which property acquired during marriage is owned jointly by both spouses, excluding personal gifts and inheritances.