The cookie market is exploding in the United States with lots of new entrants coming onto the scene selling fresh, hot cookies for $$3$ each. Anyone who can afford to lease a small retail space and install an oven can enter. Cookie recipes are easy to find and copy. There is little government regulation. At the present time, these entrants are making TONS of profits and very little capital investment. Which statement best describes the market forces?

Group of answer choices

None of the above.

The power of suppliers will be low due to the commodity nature of cookie ingredients, which will help keep costs lower and increase profits.

All of the above.

Low barriers to entry will encourage others to enter the market, which will increase the intensity of rivalry and reduce profits.

Customer switching costs are low, which increases customer bargaining power and reduces market attractiveness.