Consider a vendor-buyer relationship. which of the, Ask an Expert

Economics

Consider a vendor-buyer relationship. Which of the following conditions would lead to the buyer having more bargaining power?

a. Lots of substitutes for vendor's product are available.
b. There are relatively few buyers and many vendors.
c. It costs little for buyers to switch to vendors.
d. All of the above.

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M973339

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