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Conversely, fragmentation may persist in local markets where regulatory barriers or cultural preferences favor smaller, regional brands
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These bans, however, can be circumvented by the under-researched do-it-yourself (DIY) methods for making e-cigarette liquids, or e-juice, by combining commonly available ingredients
People in this group may be less likely to identify themselves as smokers, but also more likely to recognize the high risks in smoking, the researchers said
These dynamics make regional firms attractive acquisition targets for global companies seeking to expand their reach and overcome market entry barriers
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