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Imagine you own a thrift shop : Are there just a few (or even just one) or many firms in this group? Is it a

Imagine you own a thrift shop:

  1. Are there just a few (or even just one) or many firms in this group? Is it a high number of firms or low?
  2. In terms of product differentiation, is it high or low? How unique is the product this group is selling?

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