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“And in certain markets, that means that there can be quite…” — Acquired at 40:28

“And in certain markets, that means that there can be quite a few competitors that are kind of viable. And in some markets, actually, if they're really incredibly robust, there can be wildly profitable companies. So I thought, were there 300 automobile companies? And there were probably, I don't know, 100 PC companies…”

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