Question: Position-based competitive advantage. Define position based-competitive advantage. Explain why if the incumbent has a position-based competitive advantage it is hard for a new entrant to

Position-based competitive advantage. Define position based-competitive advantage. Explain why if the incumbent has a position-based competitive advantage it is hard for a new entrant to make profits upon entry.

Cooperation. Consider an industry where the incumbents are protected by barriers to entry. Provide three industry conditions which make price cooperation less likely to happen. Choose one and explain the mechanism through which it impedes cooperation.

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