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content area top Part 1 Why does the threat of substitute products place a limit on the prices market leaders can charge? Question content area

content area top Part 1 Why does the threat of substitute products place a limit on the prices market leaders can charge? Question content area bottom Part 1 A. Low-cost is more effective than differentiation B. Competitive advantage is always achieved through price C. High prices may induce buyers to switch to the substitute D. New entrants always have lower prices E. Consumers will no longer perceive valu

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