Due to its unique distribution system where 98% of replacement parts can be available to customers through its dealer network, Caterpillar has a advantage over Komatsu, one of its main competitors.

Sustainable competitive advantage

Explanation:

In an economy where firms compete to gain market share, the ability of a firm to leverage on a unique capability and successfully gain more market share from other firms is called competitive advantage.

This can be in terms of quality, price, ease of delivery, and so on.

A competitive advantage is said to be sustainable when it enables a company to be more successful than its competitors over a long period of time.

In this scenario unique distribution system where 98% of replacement parts can be available to customers through its dealer network of Caterpillar is a sustainable competitive advantage that makes it more successful than Komatsu over a long period

whats the

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.