Figure 8.1 implies that stable industries, where firms have similar resources and capabilities, offer less opportunity for
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Figure 8.1 implies that stable industries, where firms have similar resources and capabilities, offer less opportunity for competitive advantage than industries where change is rapid and firms are heterogeneous. Think of an example of each of these two types of industry. Is there any evidence that interfirm profit differences are wider in the more dynamic, heterogeneous industry than in the more stable, homogeneous industry?
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