Differentiation in an industry serve as a barrier to entry

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How does differentiation in an industry serve as a barrier to entry? how does a potential new entrant going to be at a disadvantage. and identify/measure the advantage for incumbent firms and what are the options for a potential entrant who faces these barriers, still wants to enter the industry, be competitive, and not accept below-normal performance (All in relation to industry differentiation)

Reference no: EM131763858

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