What is one example of an industry factor that might lead you to conclude that the threat of new entrants in that industry is high?

a$.$

Relatively low levels of borrowing in companies throughout the industry

b$.$

The entry of a well$-$funded and innovative newcomer to the industry

c$.$

A sudden and significant increase in the price of a critical input

d$.$

The failure of a major competitor in the market

e$.$

Competing brands with long histories of strong brand identities

f$.$

A large and unsustainable level of borrowing by the company