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Homework answers / question archive / Which one of the following statements will most likely lower the supplier power exerted on incumbent firms in an industry? A
Which one of the following statements will most likely lower the supplier power exerted on incumbent firms in an industry?
A. Incumbent firms have low pricing power
B. Incumbent firms sell commodity-like products
C. Incumbent firms cannot easily change their suppliers
D. Incumbents firms engage in backward integration
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