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What are the price or value characteristics of substitutes

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Reference no: EM132869373

Question 1: Does government policy protect incumbents?

Question 2: Are there first-mover advantages, such as an experience curve, that might put new entrants at a cost disadvantage and thus strongly favor existing businesses?

Question 3: Are close substitutes available?

Question 4: What are the price/value characteristics of substitutes?

Reference no: EM132869373

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