Firms that create the same economic value as their rivals experience competitive
A) disadvantage.
B) parity.
C) superiority.
D) advantage.

Name: Firms that create the same economic value as their rivals experience competitive A) disadvantage. B) parity. C) superiority. D) advantage.
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Question

Quizplus · Accepted Answer

If a firm creates the same economic value as their rivals, they are said to be at parity with their competition. This means that they do not have a competitive advantage or disadvantage.

Firms That Create the Same Economic Value as Their Rivals