To decrease buyer power, the firm can
a. Differentiate its product
b. Decrease dependency on a single buyer
c. Sell its products in locations with multiple buyers
d. All of the above
d
Economics
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Consumers buy less of a good as its price increases because:
a. production costs have risen. b. substitute goods are now relatively cheaper. c. the income of consumers has effectively risen. d. the higher price will make the good more valuable to each consumer.
Economics
As the amount of capital to laborers increases, labor productivity diminishes.
Answer the following statement true (T) or false (F)
Economics