An investor decides to purchase a business. He hires a consultant to help him find a good one. The consultant advises to find a business that faces no competition because such a business can earn rates of return in excess of those businesses that do face competition. Is this good advice?
An investor decides to purchase a business. He hires a consultant
to help him find a good one. The consultant advises to find a business that faces no competition because such a business can earn rates of return in excess of those businesses that do face competition. Is this good advice?
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