By the 1980s, competition by foreign automakers reduced the market share and price-making abilities of the "Big Three" U.S. automakers.

Question

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During the 1980s, increased competition from foreign automakers, particularly those from Japan, significantly impacted the market share and pricing power of the "Big Three" U.S. automakers (General Motors, Ford, and Chrysler), leading to a decline in their dominance in the automotive industry.

By the 1980s, Competition by Foreign Automakers Reduced the Market