Question: How did a large subscriber base and a powerful library of exclusive content give Netflix a competitive advantage in the industry? They did not have

How did a large subscriber base and a powerful library of exclusive content give Netflix a competitive advantage in the industry?
They did not have to rely on specialist companies.
They drove down the cost of production and increased quality.
They had more bargaining power when negotiating license fees.
They could better negotiate with streaming service outlets.

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