If a Supplier Has a Limited Number of Buyers, Then

question 83

Multiple Choice

If a supplier has a limited number of buyers, then the ________.

• A)threat of substitutes is low
• B)network effects are greater
• C)buyers have to deal with greater switching costs
• D)buyers will have more power

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Definitions:

Drinking Water Standards

Regulations determining the minimum quality of water provided for human consumption to ensure it is safe and free from contaminants.

Clean Water Act

U.S. federal law established to regulate pollutant discharges into the waters of the United States and to set water quality standards.

Toxic Chemicals

Substances that can cause harm to humans, animals, plants, or the environment when they are released or their concentration exceeds certain levels.

Water Supply

The provision and management of water resources for consumption, sanitation, and various uses.