Question $4(1$ point$)$

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A popular low$-$cost airline has gone out of business. Although the service and price provided by the airline was what customers wanted, the larger airlines were able to drive the low$-$cost airline out of business through an aggressive price war. Which component of the competifive environment does this llustrate?

a$)$ customers

b$)$ competifors

c$)$ regulators

d$)$ economic factors

e$)$ threat of new entrants