Question: How can a firm avoid threats from a new entrant ? (Select all that apply) Group of answer choices By using barriers to entry such

How can a firm avoid threats from a new entrant? (Select all that apply)

Group of answer choices

By using barriers to entry such as reducing the quality of supply.

By creating substitutes to fill the same need but in a different way.

By using product differentiation to force the new entrant to overcome customer loyalties to existing products

By saving through economies of scale.

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