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What are the sources of the firm's market power?

The source of a firm's market power is its competitive advantage. When a business has a competitive advantage they can use that to make significant changes in the industry.


What is spillover?

An economic advantage coming from an unpredicted source that allows a firm to benifit from it, also called an externality.


What is the difference between core competency and competitive advantage?

core competence is one which critically underpins the organisation's competitive advantage. Companies can differentiate themselves from their competitors with specific core competencies, but often not for long. The differentiation is difficult to sustain and can often be imitated by competitors. Whilst a core competence is a source of competitive advantage, not all competitive advantages arise from core competencies.


What are the advantages of road tolls?

Road tolls provide a steady source of income for governments to maintain the conditions of roads. I am sure there is more than one advantage, this is just one of them.


Why agriculture is consider as the back bone of the Philippine economy?

Agriculture is important because it is the source of food (the major component of household expenditure in the Philippines) for the economy. Aside from that, it is the source of foreign exchange, the number of laborers that can be absorbed , the source of raw materials for manufacturing and related industries, and a potential market for products of other economic sectors. To read more on this topic, google... * bit(dot)ly/1AzpggJ * (without asterisks and change the (dot) to its symbol)