Jasper Products is the only provider of a patented leakproof valve for industrial applications. Arnold Construction wants to include Jasper Products in a project for Arnold$$s customer, thereby increasing the chance that Arnold will be selected to perform the project. However, Jasper Products charges a premium price for its valves, eroding Arnold$$s profitability. This situation is indicative of the high bargaining power of

Multiple Choice

customers.

suppliers.

substitute companies.

competitors.

complementary firms.