Examlex
_______________________ sees actions that infringe on others' freedoms as unethical.
Upstream Firms
Companies that operate in the early stages of the supply chain, typically involved in the extraction or production of raw materials.
Downstream Firms
Companies positioned at the end stages of supply chains, engaging in the processing or selling of final products to customers.
Market Power
The ability of a company or entity to influence the price and output levels in the market.
Double-Markup Problem
A situation in vertical supply chains wherein two or more successive stages (like wholesalers and retailers) mark up the prices of goods, potentially leading to excessively high retail prices.
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