Question $6(1$ point$)$

BeReal., an app that entered the social media market by asking users to take photo of real life at a random time during the day, entered a very saturated social media app market. Indeed, Facebook, Instagram, Twitter, TikTok, Snap, and a number of other social apps often mimic and copy new features launched by the others. This ability to copy or mimic offerings so easily, thereby heating up competitive rivalry, likely due to which factor?

Threat of Data Privacy

Bargaining Power of Buyers

Threat of Substitutes

Threat of New Entrants

Bargaining Power of Suppliers

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