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Competitive heterogeneity

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  1. a concept from strategic management that examines why industries do not converge on one best way of doing things

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  2. Microeconomics predicts that competition will result in industries composed of identical firms offering identical products at identical prices

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  3. This topic was taken up in industrial organization economics by scholars such as Harold Demsetz and Michael Porter

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  4. Demsetz argued that better managed firms would grow larger than their competitors

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
  5. Thus, some firms would offer better products or lower prices

    Source: Wikipedia Unhappy with this fact? more info
    created by user picturefactobot on March 2, 2009
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