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Which of the following statements is not correct about a market in equilibrium?
Focused Differentiation Strategy
A business strategy where a company targets a specific market segment, offering unique features that meet the needs of that segment.
Competitive Advantage
A condition that enables a company or country to produce goods or services at a lower price or in a more desirable fashion for customers than its competitors.
Unique Product
A product that stands out from others due to its distinctive characteristics, features, or innovation.
Competitive Advantage
The unique positioning and strategy that enable a business to generate greater sales or margins than its competition.
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