Shopping Bots Theoretically Give Pricing Power To

question 32

Multiple Choice

Shopping bots theoretically give pricing power to:

• A)​consumers.
• B)wholesalers.
• C)retailers.
• D)​agents.

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Definitions:

Bilateral Monopoly

A market structure where there is only one buyer (monopsony) and one seller (monopoly), leading to unique negotiation dynamics.

Monopsony

A market in which a single buyer has no rivals.

Collective Bargaining

The process by which employers and unions negotiate terms of employment, including wages, working hours, and working conditions, to reach a labor agreement.

Economic Disruption

A significant disturbance to the normal functions of an economy caused by external or internal events.