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Identify and Briefly Explain Any Three Factors That Weaken the Competitive

question 105

Essay

Identify and briefly explain any three factors that weaken the competitive pressures stemming from the threat that new firms will enter the industry.


Definitions:

Rounded

The process of approximating a number to a specified degree of precision, often to make it simpler to handle or understand.

Product

In mathematics, a product refers to the result of multiplying two or more numbers or expressions.

Rounded

The process of adjusting the digits of a number to reduce its precision according to a specific rule, usually to make it simpler or easier to understand.

Median

The middle value of a data set when it is ordered from smallest to largest, or the average of the two middle values when the dataset has an even number of observations.

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