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Q1) Which of the following statements is true about perfectly competitive markets? 1. Consumers are charged higher prices. 2. No firm realizes accounting profits. 3. Firms tend to gain competitive advantage through technology. 4. No firm realizes economic profits. Q2) Which three areas must intersect in order for a valuable competitive position to emerge? 1, Data Analytics, Capabilities, and Values 2. Threats, Weaknesses, and Virtue Opportunities, 3. Capabilities, and Artificial Intelligence 4. Opportunities, Capabilities, and Values Please which one are the correct answers.

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Q1) Which of the following statements is true about perfectly competitive markets? 1. Consumers are charged higher prices. 2. No firm realizes accounting profits. 3. Firms tend to gain competitive advantage through technology. 4. No firm realizes economic profits. Q2) Which three areas must intersect in order for a valuable competitive position to emerge? 1, Data Analytics, Capabilities, and Values 2. Threats, Weaknesses, and Virtue Opportunities, 3. Capabilities, and Artificial Intelligence 4. Opportunities, Capabilities, and Values Please which one are the correct answers

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