Author Question: Supplier power tends to be lower when a. Suppliers are concentrated b. There are high costs to ... (Read 103 times)

sammy · **on:** Jul 1, 2018

Supplier power tends to be lower when
a. Suppliers are concentrated
b. There are high costs to switching between suppliers
c. Both A&B
d. None of the above

Question 2

A risk averse individual
a. values a lottery at more than its expected value
b. values a lottery at exactly its expected value
c. values a lottery at less than its expected value
d. tends to play lots of lotteries