A company possesses a _____ when it sustains higher-than-average profits for its industry.
A) Large market share
B) Monopoly
C) Competitive advantage
D) Oligopoly
E) Unfair advantage

Question

Quizplus · Accepted Answer

A company possesses a competitive advantage when it can sustain higher-than-average profits compared to others in its industry. This is because a competitive advantage allows a company to outperform its competitors through superior performance, innovation, quality, or efficiency, leading to higher profits.

A Company Possesses a _____ When It Sustains Higher-Than-Average Profits