Question: Why is a limit price strategy often effective at deterring new entrants in the industry? New entrants cannot build niche markets. The incumbent firm's profitability

Why is a limit price strategy often effective at deterring new entrants in the industry?
New entrants cannot build niche markets.
The incumbent firm's profitability increases.
New entrants do not know the incumbent's costs.
Why is a limit price strategy often effective at

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