The model of pure competition implies that profit should be


The model of pure competition implies that profit should be constant across industry. However, numerous economic studies have affirmed that different industries can sustain different levels of profitability, part of this different is explained by industry structure. Michael Porter provided a framework that model the industry as influenced by five forces. Review the interaction of these fives forces quoting an industry you are familiar with.

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Business Management: The model of pure competition implies that profit should be
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