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Question at position 1 An electronics firm patents an innovative battery that lasts twice as long as existing models. It then lobbies for stricter environmental standards that make older technologies less competitive. This strategy mainly reflects an effort to:lower operational expensesform partnerships with rivalsincrease the bargaining power of supplierscreate barriers that make market entry harder for competitors

Options
A.lower operational expenses
B.form partnerships with rivals
C.increase the bargaining power of suppliers
D.create barriers that make market entry harder for competitors
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The question describes a scenario where a firm patents a superior battery and then lobbies for stricter environmental standards that disadvantage older technologies. This is a strategic move to shape the competitive landscape rather than directly cutting costs, forming alliances, or increasing supplier power. Option ......Login to view full explanation

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