Unfair competitive advantages occur when:
A)one competitor has an advantage others cannot purchase.
B)market middlemen are displaced.
C)information is equally distributed and transaction costs are low.
D)firms are able to gather monopoly profits.

Question

Quizplus · Accepted Answer

Unfair competitive advantages occur when one competitor has a unique advantage that others cannot purchase, such as exclusive access to a key resource or technology. This gives them an advantage over their competitors, which is unfair.

Unfair Competitive Advantages Occur When