Michael Porter Claims That Demand Conditions, Factor Conditions, Related and Supporting

question 41

True/False

Michael Porter claims that demand conditions, factor conditions, related and supporting industries, and firm strategy, structure, and rivalry, rather than government and chance, are factors that affect national competitiveness.

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Definitions:

Rule-Of-Reason Standard

In antitrust law, a doctrine that holds that a court should stop certain practices only if they are an unreasonable restriction of competition.

Pro-Competitive

Actions or policies designed to encourage competition within the market, aiming to enhance efficiency, innovation, and consumer choice.

American Needle

A landmark U.S. Supreme Court case related to antitrust law and collective licensing agreements.

Federal Power

The authority held by the federal government, as outlined in a country's constitution, over national issues.