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A firm can often increase it profitability by: Entering an industry with very low barriers to entry. Decreasing production capacity and then striving hard to
- A firm can often increase it profitability by:
- Entering an industry with very low barriers to entry.
- Decreasing production capacity and then striving hard to operate at full capacity
- Erecting switching costs for its buyers
- Helping its suppliers to erect switching costs
- All of the above
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