Asked by Fernanda Parra on Sep 24, 2024
Verified
The industrial organization economics perspective locates the source of competitive advantage at the
A) Individual firm level
B) Industry level
C) Both a and b
D) None of the above
Industrial Organization Economics
A branch of economics that deals with the structure, behavior, and performance of industries and firms, including competition and regulation.
Competitive Advantage
The attributes or circumstances that allow a company to produce goods or services better or more cheaply than its competitors.
- Gain insights into the Industrial Organization (IO) perspective on industry structure, performance, and competitive advantage.
Verified Answer
HM
Hammad Majid6 days ago
Final Answer :
B
Explanation :
The industrial organization economics perspective posits that industries, rather than individual firms, hold the key to competitive advantage. Characteristics of an industry, such as barriers to entry, number and strength of competitors, and bargaining power of suppliers and buyers, can influence the competitive landscape and ultimately determine the success or failure of individual firms within that industry.
Learning Objectives
- Gain insights into the Industrial Organization (IO) perspective on industry structure, performance, and competitive advantage.
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