For a Competitive Advantage to Exist

question 73

Multiple Choice

For a competitive advantage to exist:

• A)There must be weak and strong players in the industry in terms of capability endowments
• B)There must be some imperfection in the market
• C)There must be the so-called "pure and perfect competition"
• D)Causal ambiguity has occurred

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Definitions:

Predicate

In grammar, the part of a sentence or clause containing a verb that states something about the subject. In logic, the property or characteristic affirmed or denied about the subject of a statement.

Similarity

The state of being alike or having common features or characteristics.

Deductive Step

A step in reasoning in which one proceeds logically from premises to a definite conclusion, ensuring the conclusion necessarily follows.

Evidence

Information or facts that are used to support a belief, conclusion, or argument.