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A firm's competitive environment: Group of answer choices None of these answers are correct. Both of these answers are correct. Changes over time as new

A firm's competitive environment: Group of answer choices None of these answers are correct. Both of these answers are correct. Changes over time as new firms enter/exit the industry, as technology changes and as new products are developed. Changes over time as firms merge with other firms to save on production costs and/or increase market power

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