Question: Competitive advantage can be defined as _ _ _ _ _ _ _ _ _ A firm s ability to achieve a greater market share

Competitive advantage can be defined as _________
A firms ability to achieve a greater market share than its competitors
A firms ability to consistently outperform the stock market index in terms of shareholder returns
The ability for a firm to earn a persistent rate of profit which is higher than its rivals
A concept that is meaningless because the definition requires so many approximations

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