a firm has a competitive

According to one author, advantage when it is able to create more economic value than rival firms. In this case, economic value is simply the difference between the perceived benefits gained by a customer who purchases a firm’s products or services and the full economic cost of these products or services.Thus, the size of a firm’s competitive advantage is the difference between the economic value a firm is able to create and the economic value its rivals are able to create. Does this observation hold true in health care? Why/not? 300 wordsAccording to one author, a firm has a competitive advantage when it is able to create more economic value than rival firms. In this case, economic value is simply the difference between the perceived benefits gained by a customer who purchases a firm’s products or services and the full economic cost of these products or services.Thus, the size of a firm’s competitive advantage is the difference between the economic value a firm is able to create and the economic value its rivals are able to create. Does this observation hold true in health care? Why/not? 300 words