The critical ways that firms can obtain a sustainable competitive advantage are/is called the _____ for that industry.

Name: The critical ways that firms can obtain a sustainable competitive advantage are/is called the _____ for that industry.
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Question

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Barriers to entry are the critical ways that firms can obtain a sustainable competitive advantage in an industry. These barriers prevent new competitors from easily entering an industry and thus allow existing firms to maintain higher levels of profitability.

The Critical Ways That Firms Can Obtain a Sustainable Competitive