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 competitive advantage of
A) $1,300.
B) $3,600.
C) $360,000.
D) $500.

Question

Quizplus · Accepted Answer

TechnoGeek has a competitive advantage of $500 because it generates $900 of economic value compared to VarsityBlue's $400, resulting in a difference of $900 - $400 = $500.

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