Which factor would make it difficult for Georgia peach suppliers to collude?

Select one:

a. only a few suppliers

b. only a few buyers of peaches

c. buyers of peaches having very little bargaining power since peaches are homogeneous

d. each supplier having the same costs

Question

Olivia Payne

Business

3 March, 05:25

Which factor would make it difficult for Georgia peach suppliers to collude?

Select one:

a. only a few suppliers

b. only a few buyers of peaches

c. buyers of peaches having very little bargaining power since peaches are homogeneous

d. each supplier having the same costs

+4

Answers (1)

Know the Answer?

Callie Hoover · Answer 1

B) Only a few buyers or peaches

Explanation:

A market with many peach suppliers, but only a few buyers, is an Oligopsony, from the Greek oligoi "few", and opsonia "purchase".

In this type of market, the few peach buyers have great power over the suppliers. They can influence prices directly by choosing to buy the cheapest peaches, and they can also influence quality, delivery times, and convenience. Peach suppliers would have it almost impossiblet to collude under these conditions.

Which factor would make it difficult for Georgia peach suppliers to collude?Select one:a. only a few suppliersb. only a few buyers of peachesc. buyers of peaches having very little bargaining power since peaches are homogeneousd. each supplier having the same costs

Which factor would make it difficult for Georgia peach suppliers to collude?

Select one:

a. only a few suppliers

b. only a few buyers of peaches

c. buyers of peaches having very little bargaining power since peaches are homogeneous

d. each supplier having the same costs