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How do unions affect wages?
Trade Restrictions
Government-imposed limitations on the free exchange of goods and services between countries, such as tariffs, quotas, and embargoes.
Economic
Relating to the economy or the study of how societies use resources to produce and distribute goods and services.
Degree of Rivalry
The intensity of competition among existing competitors in a market.
Threat of New Entrants
The potential risk posed by the possibility of new companies entering a market, which can impact the competitive environment and profitability for existing players.
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