Industry characteristics of an attractive industry, one where firms may achieve strategic competitiveness and earn above-average returns, includes which of the following?

Question

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Low entry barriers make it difficult for new firms to enter the industry and compete, giving established firms a competitive advantage and the potential to earn above-average returns. Suppliers and buyers with little bargaining power may also benefit established firms by allowing them to negotiate favorable prices and terms. Strong competitive threats from substitutes and high rivalry, on the other hand, can decrease the profitability and competitiveness of firms within the industry.

Industry Characteristics of an Attractive Industry, One Where Firms May