According to Michael Porter's Research on the Competitive Advantage of Nations,Switzerland's

question 7

Multiple Choice

According to Michael Porter's research on the competitive advantage of nations,Switzerland's large synthetic dye industry and the success of the Swiss pharmaceuticals can be explained in terms of:

• A)factor conditions.
• B)demand conditions.
• C)strategy,structure,and rivalry.
• D)related and supporting industries.
• E)formation of the European Union.

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Definitions:

Positive Externality

A beneficial effect experienced by a third party due to a transaction or activity they were not involved in.

Property Values

The worth of real estate as determined by market conditions and the property's condition, location, and other factors.

Renovates

The process of improving or updating a building, room, or structure to make it more attractive or functional.

Marginal Social Benefit

The additional gain to society as a whole from producing or consuming one more unit of a good or service.