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The video about comparative and competitive advantages is really what Chapter 12 was talking about, finding the best place for your company to flourish. The
The video about comparative and competitive advantages is really what Chapter 12 was talking about, finding the best place for your company to flourish. The market that has the best comparative advantage is one that has unique features, that will create an advantage whether that is land, labor force or natural resources and that will give your company the competitive advantage. The competitive advantage is the special skills or knowledge, the capability that would be hard for competitors to imitate
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