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A school voucher program targeted towards low- and middle-income families would cause
Resource Scarcities
Situations where the availability of resources is insufficient to meet the demands, often leading to competition and increased value of the scarce resources.
Porter's Five Forces Model
A framework for analyzing a company's competitive environment, focusing on five forces that shape every industry and market.
Intense Rivalry
A situation in a market where competitors aggressively compete with each other for market share, often leading to aggressive strategies and tactics.
Substitute Products
Goods or services that serve as replacements for each other; the presence of substitutes can influence market dynamics and competition.
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