How Did Online Markets Affect the Dynamics Between Buyers and Suppliers

question 42

Multiple Choice

How did online markets affect the dynamics between buyers and suppliers?

• A)It decreased the threat of new entrants in many industries.
• B)It reduced the network effects of many products.
• C)It increased the costs of switching.
• D)It granted more power to the buyers.

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Definitions:

Progressive Policies

Policies aimed at reforming and improving society through governmental action, often focusing on issues of social justice, equality, and environmental protection.

Welfare

A government program that provides financial aid and services to individuals and families in need.

Public Confidence

The level of trust and belief that the general public has in the effectiveness, integrity, and policies of an organization, institution, or government.

Political Institutions

Structures and mechanisms of social order and governance that support society's collective decision-making processes.