Michael Potter argued that ____ led to firms earning economic profit over extended periods of time.

Name: Michael Potter argued that ____ led to firms earning economic profit over extended periods of time.
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Question

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Market power allows firms to be less subject to competition, increasing their ability to earn economic profit over extended periods of time. The other answer choices do not directly relate to the ability of firms to earn economic profit over extended periods of time.

Michael Potter Argued That ____ Led to Firms Earning Economic