Exceptionality in Competitive vs. Less Competitive Market

[cieddss]

This more of a conceptual/ economic question. There’s a snippet in MF that says, “If you’re exceptional, competition is an advantage.” (summary)

Edit - Given that exceptionality is good within high competition is this still true if it’s between these cases?:

First case:
1. Competition: moderate
2. Demand: high
3. Market: high

Second case:
1. Competition: high
2. Demand: moderate
3. Market: moderate

 

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[Duane]

I think competition isn't as important as demand for what you're selling.

I'd rather be in a highly competitive, high demand market, than a low competition, yet low demand market.

 

[cieddss]

I think competition isn't as important as demand for what you're selling.

I'd rather be in a highly competitive, high demand market, than a low competition, yet low demand market.

Thanks. Is this for the first question?

 

[cieddss]

Thanks. Is this for the first question?

 

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