question 9 1 pts the bargaining power of suppliers increases if the cost of switching suppliers is…

question 9 1 pts the bargaining power of suppliers increases if the cost of switching suppliers is relatively low. there are only a few competitors to the supplier. the input supplied is relatively standardized. the input in question is not a critical component of production. question 10 1 pts an oligopolist differs from a perfect competitor in that the market demand curve for a perfectly competitive industry is perfectly elastic but it is downward - sloping in an oligopolistic industry. there are no entry barriers in perfect competition but there are entry barriers in oligopoly. firms in an oligopoly do not produce homogeneous products while firms in perfect competition do. there is cutthroat competition in perfect competition but little competition in oligopoly because firms have significant market power.

question 9 1 pts the bargaining power of suppliers increases if the cost of switching suppliers is relatively low. there are only a few competitors to the supplier. the input supplied is relatively standardized. the input in question is not a critical component of production. question 10 1 pts an oligopolist differs from a perfect competitor in that the market demand curve for a perfectly competitive industry is perfectly elastic but it is downward - sloping in an oligopolistic industry. there are no entry barriers in perfect competition but there are entry barriers in oligopoly. firms in an oligopoly do not produce homogeneous products while firms in perfect competition do. there is cutthroat competition in perfect competition but little competition in oligopoly because firms have significant market power.

Answer

Brief Explanations:

For Question 9: When there are only a few competitors to the supplier, suppliers have more power in negotiations as buyers have limited alternatives. Low switching - cost, standardized input, and non - critical input reduce supplier power. For Question 10: In perfect competition, there are no entry barriers, while in oligopoly, there are significant entry barriers which restrict new firms from entering the market. The market demand curve in perfect competition is not the relevant differentiator here. Oligopolists can produce homogeneous or differentiated products. And there is intense competition in both, but entry barriers are a key difference.

Answer:

Question 9: There are only a few competitors to the supplier. Question 10: There are no entry barriers in perfect competition but there are entry barriers in oligopoly.