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The competitive pressures on companies within an industry come from those:
associated with the market maneuvering and jockeying for buyer patronage that goes on among rival firms in the industry.
companies in other industries attempting to win buyers over to their substitute products.
associated with the threat of new entrants into the marketplace.
associated with the bargaining power of suppliers and customers.
All of these
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How much money should Mr. Jones invest in each type of stock to maximize his total expected yield.
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