Final answer:
The force of new competitors is countered by barriers to entering a market.
Step-by-step explanation:
The force of new competitors is countered by the barriers to entering a market in Porter's Five Forces framework.
Barriers to entry are the legal, technological, or market forces that discourage or prevent potential competitors from entering a market. These barriers can range from simple and easily surmountable factors such as the cost of renting retail space to more restrictive factors like limited availability of resources or intellectual property rights.
For example, if a market has high barriers to entry, it can be difficult or costly for new competitors to enter and compete with existing companies. This reduces the threat of new competition and strengthens the position of established firms in the market.
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