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When a new competitor enters Steve's product line, he 1) he loses profit due to those entrants and 2) consumers gain from those new entrants.

When a new competitor enters Steve's product line, he 1) he loses profit due to those entrants and 2) consumers gain from those new entrants. These changes are called Group of answer choices negative externality ; positive externality business-stealing externality ; product-improvement externality product-variety externality ; business-promoting externality business-stealing externality ; product-variety externality

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