Lots of substitutes for the vendors product are, Econometrics

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Lots of substitutes for the vendors product are

Consider a vendor-buyer relationship. Which of the following conditions would lead to the buyer having more bargaining power?

a. Lots of substitutes for the vendor's product are available.

b. There are relatively few buyers and many vendors.

c. It costs little for buyers to switch vendors.

d. All of the above

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Econometrics: Lots of substitutes for the vendors product are

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Econometrics: Lots of substitutes for the vendors product are

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