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    Which of the following is not a determinant of the extent of rivalry among established companies?

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    Which of the following is not a determinant of the extent of rivalry among established companies?

    (a) the number & size distribution of companies in the industry

    (b) demand conditions

    (c) factor conditions

    (d) exit barriers

    (e) the power of buyers

    Please advise answer & why. Thanks much!!!

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