Competition exists where there is a large number of buyers and sellers dealing in homogeneous goods and services and where entry and exit are easy and information flows freely. This statement accurately reflects

Competition exists where there is a large number of buyers and sellers dealing in homogeneous goods and services and where entry and exit are easy and information flows freely. This statement accurately reflects

Competition exists where there is a large number of buyers and sellers dealing in homogeneous goods and services and where entry and exit are easy and information flows freely. This statement accurately reflects




a) The Neoclassical Restatement
b) The Industry (External) View or I/O Perspective
c) The Resource (Internal) or Resource-Based View
d) The Five Forces of Competitive Advantage Approach.



ANS B


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