Which of the following is not a Threat of New Entrants according to Porter's Five Forces?

Name: Which of the following is not a Threat of New Entrants according to Porter's Five Forces?
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Question

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The quality of substitutes is actually one of the Five Forces of Porter, but it is a threat from substitutes rather than new entrants. The other choices listed (A, B, D, and E) are all examples of how new entrants to an industry could pose a threat.

Which of the Following Is Not a Threat of New