Examlex
If the price of a product is above equilibrium, what forces it down?
Degree of Rivalry
The extent and intensity of competition among businesses within the same industry.
Substitute Products
Goods or services that can be used in place of each other, offering consumers alternatives in their purchasing choices.
Degree of Rivalry
The extent of competition between firms in the same industry, influencing market dynamics and profitability.
Threat of Substitute Products
The potential risk that consumers might replace a company's product with similar goods or services from another provider.
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