When is a firm more likely to earn higher profits?

Question: When is a firm more likely to earn higher profits?

• There are barriers to entry or imitation
• The firm’s key resources and capabilities are easily imitated
• A firm and its rivals produces similarly designed products as that of a rival firm
• Another firm holds a patent to a unique process or product

Answers: There are barriers to entry or imitation

Conclusion of When is a firm more likely to earn higher profits?

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