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Which of the following is a valid observation on price-based rivalry among existing competitors?
Lowered Protectionism
A reduction in trade barriers and restrictions by a government to allow for more free exchange of goods and services between nations.
Systematic Development
A structured method for the development of something (e.g., software, organizational policies) ensuring regularity, predictability, and efficiency.
Practical Application
The use of theoretical knowledge in real-world scenarios to solve problems or accomplish tasks.
New Idea
A novel concept, thought, or innovation that has not been proposed or thought of before.
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