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Why is having a low-cost position valuable when dealing with rivals? Firms can develop a dependence on a particular market. Rivals will be hesitant to

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Why is having a low-cost position valuable when dealing with rivals? Firms can develop a dependence on a particular market. Rivals will be hesitant to compete based on price. More profits will be available for innovation within the firm. Firms will have a lower degree of inertia

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