Which of the Following Would NOT Indicate That Sellers Are

question 71

Multiple Choice

Which of the following would NOT indicate that sellers are a strong competitive force?

• A) Substitutes exist for their components.
• B) They can supply the component for a cheaper cost than industry makers can produce it.
• C) The buyers of their component are not important customers.
• D) The component that they supply affects buyer product quality.

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Definitions:

Exports

Goods and services sold by a country to other countries.

Domestic Price

The cost of goods and services within a country, affected by local economic factors such as inflation, taxation, and supply and demand.

World Price

The global market price at which goods and services are bought and sold, reflecting the demand and supply in the international market.

Trade

The exchange of goods and services between parties, which can be within an economy or between countries.