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When a Firm Is Able to Create More Economic Value

question 68

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When a firm is able to create more economic value than rival firms it is said to have a(n)


Definitions:

Economy

A system by which goods and services are produced, distributed, and consumed in a society.

Computer Programmer

A professional who writes and tests code that enables software applications and operating systems to function.

Provincial Government

The level of government responsible for administering the provinces or regions of a country, often with specific local powers.

Tertiary Sector

The segment of the economy that provides services rather than producing goods, including industries such as retail, entertainment, financial services, and health care.

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