A group of grain farmers in a surplus year will have reduced ________.
A)bargaining power
B)threat of substitutes
C)risk of rivalry
D)threat of new entrants

Question

Quizplus · Accepted Answer

In a surplus year, there is an excess supply of grains, which leads to a decrease in the price of grains. This puts the farmers at a disadvantage while negotiating with buyers, reducing their bargaining power.

A Group of Grain Farmers in a Surplus Year Will