DrStone Wanted to Get a Good Deal on a Laser

question 16

Multiple Choice

Dr.Stone wanted to get a good deal on a laser which would help him in providing sight-correcting surgeries.He soon found out that prices were not very negotiable.This might be due to the fact that

• A) the bargaining power of suppliers is high because there are so few of them.
• B) the industry is heavily regulated by the government.
• C) supply exceeds demand.
• D) laser manufacturing companies are not allowed to discount their products.

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