Question: A new tech company is interested in developing a new smartphone to bring to market. The smartphone market has been dominated by a few large

A new tech company is interested in developing a new smartphone to bring to market. The smartphone market has been dominated by a few large companies for many years and the barriers to entry are relatively high. The company is assessing industry conditions using Porter's Five Forces. Which force would most significantly affect the company's decision regarding market entry?

Bargaining power of buyers

Bargaining power of suppliers

Competition within the market

Threat of new entrants

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