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Course 205: Economic Moats | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
The Bottom Line | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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While having these four types of moats, or competitive advantages, as guidelines is helpful, there is still a lot of art to determining whether a firm has a moat. At the heart of it, the harder it is for a firm's advantage to be imitated, the more likely it is to have a barrier to entry in its industry and a defensible source of profit. Next: The Quiz >> |
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