Competitive advantage goes to the firm that achieves the
A) largest economic value created.
B) lowest producer surplus.
C) highest payable turnover.
D) highest Cost of goods sold/Revenue ratio.

Question

Quizplus · Accepted Answer

Competitive advantage goes to the firm that achieves the largest economic value created, which is the difference between V, the consumer's willingness to pay, and C, the cost to produce the good or service.

Competitive Advantage Goes to the Firm That Achieves the