Which of the following details about an industry would decrease the threat of new entrants $($i$.$e$.,$ new competitors$)$ in a Porter's Five Forces analysis?

Group of answer choices

There are relatively low start$-$up costs.

It is easy or inexpensive for buyers$/$consumers to switch between competitors $($low switching costs$)$

The industry is expected to grow significantly each year.

There is significant brand loyalty for current competitors.