A Supplier of an Input Is Unlikely to Have Bargaining

question 129

Multiple Choice

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

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

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Definitions:

Persistence

The continued effort and determination to achieve a goal or overcome obstacles, even in the face of difficulties or delay.

Chain Migration

A process where immigrants from a particular town follow others from that town to a new city or country, creating chains of people connected by a common origin.

Affiliation Needs

The human desire to feel a sense of involvement and belonging within a social group or community.

Refugees

Individuals who flee their country due to war, persecution, or natural disaster and seek protection in another country.