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:

Marijuana

A mind-altering substance derived from the Cannabis plant, utilized either for therapeutic or leisure activities.

Dependence

The state of relying on or being controlled by someone or something else.

Withdrawal

Unpleasant and sometimes dangerous symptoms such as nausea, headache, or tremors experienced when an addictive substance is removed from the body.

First Nation

Indigenous peoples in Canada who are neither Inuit nor Métis, often referred to as bands or tribes in other contexts.