If TechnoGeek and VarsityBlue compete in the same market for the same customer and TechnoGeek generates $900 of economic value each time it sells a product or service while VarsityBlue generates $400 of economic value each time it sells a product or service, TechnoGeek has a(n) ________ of $500.
A) perceived benefit
B) economic value
C) cost advantage
D) competitive advantage

Question

Quizplus · Accepted Answer

TechnoGeek has a competitive advantage over VarsityBlue because it generates $500 more of economic value each time it sells a product or service. This means that customers are willing to pay more for TechnoGeek's products or services, giving TechnoGeek an edge in the market.

If TechnoGeek and VarsityBlue Compete in the Same Market for the Same