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Basic Question 3 of 4
In the long run, ______ result in profitability differences by industry.
B. company-specific factors
C. structure factors
A. business cycles
B. company-specific factors
C. structure factors
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.

Andrea Schildbach
Learning Outcome Statements
describe the purposes of, and steps involved in, industry and competitive analysis
CFA® 2025 Level I Curriculum, Volume 3, Module 6.