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Q. |
New entrants to an industry are more likely when (i.e., entry barriers are low when…) |
A. | it is difficult to gain access to distribution channels. |
B. | economies of scale in the industry are high. |
C. | product differentiation in the industry is low. |
D. | capital requirements in the industry are high. |
Answer» C. product differentiation in the industry is low. |
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