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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

  1. 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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