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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 firms

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 firms merge with other firms to save on production costs and/or increase market power. Changes over time as new firms enter/exit the industry, as technology changes and as new products are developed.3

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