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Cartzy, Cartific, and Clustercart, are three consumer-product retailing companies. Their products consist primarily of day-to-day items that are easy to imitate and sell. All three
Cartzy, Cartific, and Clustercart, are three consumer-product retailing companies. Their products consist primarily of day-to-day items that are easy to imitate and sell. All three companies use the same resources and capabilities in the production and distribution of their products. Judging from the market conditions described in this scenario, which of the following statements is true? Multiple Choice Barriers to entry within the industry will be high. Resource immobility of the firms will be low. The industry structure will be far from perfect competition. Any advantage that one firm has will be short-lived
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