ConfusedKidd9350 ConfusedKidd9350
  • 19-08-2020
  • Business
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If a firm has a service that is valuable, rare, and costly-to-imitate, but a substitute exists for the service, the firm will

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ogechukwubenedict
ogechukwubenedict ogechukwubenedict
  • 23-08-2020

Answer:  the firm will have a temporary competitive advantage

Explanation: The firm in question would have a temporary competitive advantage. Competitive advantage describes something that places a company or business or a person above the competition such as value, rarity, difficult/costly-to-imitate amongst others. However, where a substitute is already in existence for such service, then the firm would have a temporary competitive advantage.

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