Question: In what way does supplier concentration affect the power dynamics in an industry? Group of answer choices It increases buyer power as they have more

In what way does supplier concentration affect the power dynamics in an industry? Group of answer choices It increases buyer power as they have more options to choose from. It has no significant impact on industry dynamics. It diminishes the power of suppliers due to increased competition among them. It enhances supplier power, allowing them to exert more influence on prices and quality

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