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Why Are Suppliers in a Competitive Upstream Market Said to Have

Question 3

Multiple Choice

Why are suppliers in a competitive upstream market said to have "indirect power"?


A) They can sell their services to the lowest bidder
B) They are always concentrated
C) Their customers are always locked into relationships with them
D) The price they charge never depends on supply and demand in the upstream market
E) The can sell their services to the highest bidder

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