Which of the Following Has a High Threat of Substitution

question 73

Multiple Choice

Which of the following has a high threat of substitution?

• A)Darunavir,an anti-HIV treatment
• B)Dell's purchase of hard drives
• C)choice of a ticket for the 2012 Olympics
• D)choice of domestic airlines

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Definitions:

Downward-Sloping

A term used to describe a graph line that decreases in height as it moves from left to right, commonly associated with demand curves in economics, indicating that quantity demanded decreases as price increases.

Demand Curve

A graph depicting the relationship between the price of a good and the quantity of the good that consumers are willing to purchase at that price.

Monopsony

A market situation where there is only one buyer for a product or service, giving the buyer substantial control over the market price.

Collude

The act of cooperating or conspiring, especially in a secretive manner among firms, to limit competition or manipulate market prices.