The term competitive advantage suggests a single condition where:

Name: The term competitive advantage suggests a single condition where:
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Question

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A competitive advantage occurs when a firm is able to sustain profits that exceed the average for its industry. This means that the firm has a unique strength or advantage that allows it to outperform competitors and generate more profits. It is not necessarily tied to being the industry leader or simply making more profits than the previous year.

The Term Competitive Advantage Suggests a Single Condition Where