Michael Porter argued that in many industries, strategies converge and competition becomes a series of races down

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Michael Porter argued that in many industries, "strategies converge and competition becomes a series of races down identical paths that no one can win." Briefly explain whether firms in these industries will likely earn economic profits.

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:19 AM

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Michael Porter argued that in many industries, strategies converge and competition becomes a series of races down

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Firms in these industries will not earn an eco...View the full answer

Economics

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