Choose a product or service that you are familiar with (something you use or have used, something related to a job you or someone close to
Initial Response: Choose a product or service that you are familiar with (something you use or have used, something related to a job you or someone close to you has held, etc.). Are there a lot or few firms in the industry? Are the products similar or identical or without close substitutes? Are there barriers to entry and, if so, what are they?
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