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At least until recently, firms in the cable TV/satellite TV industry have earned high profits. It appears that part of the reason for this was
At least until recently, firms in the cable TV/satellite TV industry have earned high profits. It appears that part of the reason for this was that these firms faced less threat of competition than firms in other industries. Drawing on Michael Porters Five Forces Model, give at least three reasons why the threat of competition might have been weaker in the cable TV industry than in other industries.
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