________ endowments are the result of investments of people, companies and government, and are more likely to lead to competitive advantage. Select one: a. Advanced factor b. Demand condition c. Basic factor d. Supply condition

________ endowments are the result of investments of people, companies and government, and are more likely to lead to competitive advantage. Select one: a. Advanced factor b. Demand condition c. Basic factor d. Supply condition

Microeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506893

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter9: Price Takers And The Competitive Process

Section: Chapter Questions

Problem 12CQ

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Question

________ endowments are the result of investments of people, companies and government, and are more likely to lead to competitive advantage.
Select one:
a. Advanced factor
b. Demand condition
c. Basic factor
d. Supply condition

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