______ depicts a market in which the sources of competitive advantage can change quickly, and maintaining above-average profits over a long time is difficult.
A) hypercompetition
B) low-level competition
C) high-level competition
D) oligopoly

Question

Quizplus · Accepted Answer

Hypercompetition refers to a rapidly changing market where new competitors can emerge quickly and disrupt the existing competitive landscape. In such markets, achieving and maintaining a sustainable competitive advantage is challenging, and above-average profits may not last for long periods.

______ Depicts a Market in Which the Sources of Competitive