Can more than one firm have a competitive advantage in an industry at the same time?
Answer to relevant QuestionsIs it possible for a firm to simultaneously have a competitive advantage and a competitive disadvantage?Is it possible for a firm to simultaneously earn above normal economic returns and below average accounting returns? How about below normal economic returns and above average accounting returns? Why or why not? If this ...Opportunities analysis seems to suggest that there are strategic opportunities in almost any industry, including declining ones. If that is true, is it fair to say that there is really no such thing as an unattractive ...Why would a firm currently experiencing competitive parity be able to gain sustained competitive advantages by studying another firm that is currently experiencing sustained competitive advantages? When economies of scale exist, firms with large volumes of production will have lower costs than firms with smaller volumes of production. The realization of these economies of scale, however, is far from automatic. What ...
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