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How Does the Threat of Substitutes Affect an Industry's Structure

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How does the threat of substitutes affect an industry's structure?


Definitions:

Arteries

Blood vessels that carry oxygen-rich blood away from the heart to various parts of the body.

Superior Mesenteric Vein

A large vein that drains blood from the small intestine, cecum, and part of the colon and pancreas into the hepatic portal vein.

Splenic Vein

A vein that drains blood from the spleen, pancreas, and portions of the stomach, emptying into the portal vein.

Hepatic Portal Vein

A blood vessel that carries nutrient-rich blood from the gastrointestinal tract and spleen to the liver for processing.

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