Relatively few competitors (Sirius XM)

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Few competitors mean fewer firms are competing for the same customers and resources, which is a positive for Sirius XM. … "Relatively few competitors (Sirius XM)" has a significant impact, so an analyst should put more weight into it. "Relatively few competitors (Sirius XM)" is a difficult qualitative factor to defend, so competing institutions will have an easy time overcoming it. This qualitative factor will lead to an increase in costs.

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