Firms that achieve competitive parity can expect to:
A. earn below-average returns.
B. earn average returns.
C. earn above-average returns.
D. initially earn above-average returns, declining to average returns.
Answer:B
Firms that achieve competitive parity can expect to:
A. earn below-average returns. B. earn average returns. C. earn above-average returns. D. initially earn above-average returns, declining to average returns.