Which of the Following Is True of a Buyer with an Output

question 69

Multiple Choice

Which of the following is true of a buyer with an output contract?

• A)The buyer cannot sue the seller in case the seller plans to share its output with another buyer.
• B)The buyer can choose to buy when and what he wants from the seller.
• C)The buyer is obliged to buy all the goods sold by the seller.
• D)The buyer cannot enforce the best-efforts clause in the output contract.

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Definitions:

Quantity Demanded

The aggregate quantity of a product or service that buyers are prepared and capable of buying at a specific price.

Quantity Demanded

The sum of a good or service desired by consumers at a certain price within a set period.

Price Decrease

A reduction in the cost at which goods or services are sold in the market.

Demand

The capacity for purchasing goods or services that people demonstrate readiness and financial ability for, at diverse price levels, during a certain timeframe.