Why Are Suppliers in a Competitive Upstream Market Said to Have

question 1

Multiple Choice

Why are suppliers in a competitive upstream market said to have "indirect power"?

• A)They can sell their services to the lowest bidder
• B)They are always concentrated
• C)Their customers are always locked into relationships with them
• D)The price they charge never depends on supply and demand in the upstream market
• E)The can sell their services to the highest bidder

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Definitions:

Nephridiopores

External openings of nephridia, excretory organs found in some invertebrates, allowing waste to exit the body.

Nephridia

Excretory organs in many invertebrates, such as annelids, that remove metabolic wastes from an organism's body.

Branching Tubes

Refers to the structures found in organisms, such as the respiratory and vascular systems, that divide and subdivide into smaller tubes.

Capillary Network

An intricate network of capillaries, the smallest blood vessels, facilitating the exchange of water, oxygen, carbon dioxide, and many other nutrients and waste substances between blood and tissues.