"Wizard" industries are characterized by
- Aa higher concentration of economic profit and research and development.
- Ba reliance on traditional economic rules and practices.
- Ca slower rate of market capitalization growth.
- Dlower research and development spending
Reveal answer
Correct answer
A.a higher concentration of economic profit and research and development.
Reveal solution
Wizards generate higher economic profit and are 'two times more R&D intensive'.