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    Strategic Management Study Set 4
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    Exam 4: Exploring the External Environment: Macro Industry and Dynamics
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    When an Industry Is Characterized by Perfect Competition, Rivals in the Industry
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When an Industry Is Characterized by Perfect Competition, Rivals in the Industry

Question 121

Question 121

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When an industry is characterized by perfect competition, rivals in the industry will achieve above-average levels of profitability.

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