Suppose you are the manager and representative of XYZ firm (dominant firm) operating in certain market, and
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Question:
Suppose you are the manager and representative of XYZ firm (dominant firm) operating in certain market, and there is one potential entrant firm into the market. As a manager, what will your strategic interaction be with the new entrant firm? Discuss the barriers you will set up to deter the entry of the firm. If the firm enters, it will take your customers and decrease the volume of XYZ revenue. Elucidate your claims with a table and explain the outcomes.
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