Examlex
The Internet can both reduce and increase the bargaining power of suppliers, depending on the specific circumstances.
Gains
The benefits or profits gained from a particular activity or financial transaction.
Status-Quo Bias
Status-quo bias is the preference to keep things the same or maintain a current or previous decision.
Prospect Theory
A theory in behavioral economics explaining the decision-making process of individuals when faced with alternatives that have uncertain outcomes, with known probabilities of these outcomes.
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