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snowicefox17 snowicefox17
wrote...
Posts: 524
5 years ago
The bargaining power of suppliers increases if

• the cost of switching suppliers is relatively low.

• there are only a few competitors to the supplier.

• the input in question is not a critical component of production.

• the input supplied is relatively standardized.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
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swolfe15swolfe15
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Posts: 371
5 years ago
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snowicefox17 Author
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5 years ago
Thanks for your help!!
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Correct Slight Smile TY
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Smart ... Thanks!
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