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Esther, a teenager, gets $ 8 per hour for babysitting. Steven lives two doors down and turns 1 5 next month. Esther is worried that
Esther, a teenager, gets $ per hour for babysitting. Steven lives two doors down and turns next month. Esther is worried that Steven may want to start earning extra money by babysitting, too, and may charge less money. This is a problem of
a bargaining power of suppliers.
b rivalry among existing firms.
c threat of new entrants.
d threat of substitutions.
e bargaining power of customers
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