The following information is related to steel producers:

The industry consists of $5$ companies of about equal size

Steel manufacturing is capital intensive, with high fixed costs

Steel is a commodity $$ there is no difference between one company$$s steel and that of another

It is very expensive for any of these companies to exit the industry

Which of the following best describes this industry?

Group of answer choices

Bargaining power of buyers

Threat of substitute products

Rivalry between existing competitors$$price and non$-$price competition

Threat of new entrants$$high barriers to entry

Bargaining power of suppliers