Question: . Because it holds a patent for a technology that increases an automobile s reliability, Company A has 8 0 % of the market for
Because it holds a patent for a technology that increases an automobiles reliability, Company A has of the market for a specialized component. Auto manufacturers pay a high premium for this component. As a result, the auto manufacturers realize:
Group of answer choices
Reduced profit margins due to the bargaining power of their supplier
Increased profit margins due to the bargaining power of the buyer
Increased profit margins due to minimal threat of product substitution
Reduced profit margins due to the intensity of competitors
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