The Bargaining Power of Buyers of Inputs Increases If

question 56

Multiple Choice

The bargaining power of buyers of inputs increases if

• A)there are many large buyers.
• B)the input in question has few substitutes.
• C)the input in question is not a critical component of production.
• D)there are wide variations in the quality of inputs from supplier to supplier.

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Definitions:

Debate

A structured discussion or argument where opposing viewpoints are presented and defended with evidence and reasoning.

Overview

A summary or brief presentation of the main points or features of a subject or written work.

Place Theory

A theory in hearing that suggests different areas of the cochlea are activated by different frequencies of sound.

Frequency Theory

A theory in the study of hearing which suggests that the perception of pitch depends on the rate at which auditory nerve fibers are stimulated by the sound wave.