_____________ is defined as firm's ability to earn above-average profit
a. Resource heterogeneity
b. Superior performance
c. Competitive advantage
d. Sustainable advantage
b
Economics
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What conditions might be required for an import-substitution policy to be effective? What advantages might it bring?
What will be an ideal response?
Economics
The price elasticity of supply
a. will be positive when supply is elastic and negative when it is inelastic. b. will be negative when supply is elastic and positive when it is inelastic. c. will always be positive. d. will be positive when demand for the good is inelastic. e. will be positive when demand for the good is elastic.
Economics