Question: Potential entrants are more likely to be deterred from actually entering an industry when When the companies within the industry are complacent When the companies

Potential entrants are more likely to be deterred from actually entering an industry when

When the companies within the industry are complacent

When the companies within the industry have similar cost positions and no player has a significant cost advantage

When companies within the industry generate economies of scale

Buyer switching costs are moderately low because of strong product differentiation among incumbent firms

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