Question: Question 1 4 A certain marble quarry provides a unique type of marble that is richly colored and strikingly veined. It has been used for
Question
A certain marble quarry provides a unique type of marble that is richly colored
and strikingly veined. It has been used for churches and public buildings
throughout the world. The architect of a new headquarters for a prestigious
Fortune firm has specified the use of this marble, and this marble only, for the
project. Which of the following statements is most likely to be true?
The cost of the marble will be low because of threat of new entrants
The cost of the marble will be moderate because of the bargaining power of the buyer.
The cost of the marble will be moderate because they will get a lower price from ordering
a large quantity.
The cost of the marble will be expensive because of the bargaining power of the supplier.
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