Revenues fall below total economic costs until a turnaround strategy can be implemented, bankruptcy is declared, or the firm's assets are acquired by a better management team. These are the conditions that define

Revenues fall below total economic costs until a turnaround strategy can be implemented, bankruptcy is declared, or the firm's assets are acquired by a better management team. These are the conditions that define

Revenues fall below total economic costs until a turnaround strategy can be implemented, bankruptcy is declared, or the firm's assets are acquired by a better management team. These are the conditions that define




a) Competitive advantages
b) Temporary competitive dis-advantage
c) Normal returns
d) Competitive Disadvantage.




ANS D


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