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Business, 06.11.2019 20:31 HaPow9735

Firms must typically purchase inputs from suppliers to produce output. what effect might suppliers have on an industry? a. suppliers cannot affect output markets, although an output market with only a few firms is likely to have the bargaining power to limit a supplier's profits. b. if an input is specialized comma then the supplier is unlikely to have the bargaining power to limit a firm's profits. c. if suppliers are price takers, then a firm will likely be a price taker with no ability to raise price. d. if only a few firms can supply an input, then markets will likely experience shortages because firms are unable to produce sufficient output. e. if many firms can supply an input comma then suppliers are unlikely to have the bargaining power to limit a firm's profits.

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