The ability of a firm to switch suppliers depends on a the i

The ability of a firm to switch suppliers depends on: a. the inputs the supplier provides are critical or highly differentiated. b. the overall concentration (i.e. market power) of the suppliers. c. costs to switch from one supplier to the next d. all of the above.

Solution

The ability of a firm to switch suppliers depends upon the inputs of supplier are critical or highl differentiated. The correct option is A.