A Sustained Competitive Advantage Can Last Because Not All Advantages

question 41

True/False

A sustained competitive advantage can last because not all advantages eventually erode.

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Definitions:

Arrow's Impossibility Theorem

A theorem stating that no rank-order voting system can simultaneously fulfill all of a certain set of reasonable fairness criteria.

Pairwise Voting

A voting system in which choices are compared one pair at a time, with participants selecting their preference in each matchup.

Pairwise Voting

A voting system where participants compare options in pairs, and the option with the most preferences wins.

Majority Rule

A decision-making process where the choice supported by more than half of the participants becomes the decision, commonly used in democratic systems.