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An external benefit is a:
Industry Attractiveness
A measure of the potential profitability and prospects for growth within a particular industry or market sector.
Bargaining Power of Buyers
The influence that customers have over a producing industry, often affecting pricing, quality, and terms of sale.
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.
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Q220: Monopolistic competition describes an industry characterized by:<br>A)