Firms with large shares accumulate greater operating experience and lower overall costs relative to competitors with smaller market shares.

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Firms with large market shares typically benefit from economies of scale, including lower production costs, higher bargaining power with suppliers, and greater ability to invest in research and development. As a result, they are often able to operate more efficiently and offer lower prices than smaller competitors. Additionally, larger firms may have more experience in managing operations, marketing, and distribution, which can further enhance their competitive advantage in the marketplace.

Firms with Large Shares Accumulate Greater Operating Experience and Lower