A Supplier of an Input Is Unlikely to Have Bargaining

question 107

Multiple Choice

A supplier of an input is unlikely to have bargaining power if

• A)the input supplied is specialised.
• B)many firms can supply the input.
• C)it is the sole supplier of the input.
• D)it has a patent on the input.

---

Definitions:

Project of Modernity

Refers to the era of modernism characterized by belief in progress and enlightenment through science, reason, and the emancipation of humanity from traditional bindings.

Jurgen Habermas

A German sociologist and philosopher known for his theories on communicative rationality, the public sphere, and the discourse ethics.

Early Modernity

The period roughly from the late 15th to the 18th century, marking the transition from medieval to modern times.

Poor

Individuals or groups lacking in financial resources or wealth, which affects their ability to access basic needs like food, shelter, and healthcare.