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Business, 08.04.2020 03:07 woahhh17

Cooperating with competitors: a. reduces competition in the market. b. results in the creation of several new formats, thus intensifying format wars. c. creates confusion among customers and often leads them to delay their purchases. d. curbs network effects by discouraging complementary products. e. helps lower the entry barriers of the industry, thus allowing new entrants to bring in their own formats.

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