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MusicMagpie
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=== Sensitivities === MMAG operates in markets with a wide range of competitors and the structural growth dynamics of the circular economy suggest that competitive pressures are likely to remain high. It is exposed to frequently changing product cycles and some product categories that are expected to demonstrate structural declines, such as disc media. As the circular economy evolves, MMAG’s business exposure is likely to change as it seeks to increases the size of its addressable markets and the number of product categories offered. MMAG’s US business is a relatively small business in a less well-developed re-commerce market, therefore this may be more difficult and expensive to develop than expected.
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