Question $5$

Which scenario describes a case where a firm $($firm B$)$ pursuing a cost leadership strategy typically achieves a competitive advantage?

Firm B creates the same amount of economic value as firm A

Firm B achieves cost parity with firm A$,$ but delivers higher quality features

Firm B achieves differentiation parity with firm A$,$ but has lower costs

Firm $B$ has costs slightly higher than firm A$,$ but delivers higher quality features