(Answered) : Peter Thiel’s Competition Is for Losers 1. Thiel argues that in order to create a valuable company, you need to A. create

Peter Thiel’s Competition Is for Losers

1. Thiel argues that in order to create a valuable company, you need to

A. create something of value and capture some fraction of the value you created

B. imitate the US airlines industry because it’s such a huge market

C. understand how to be incrementally better than competitors

2. According to Thiel, more stable longer term businesses tend to appear in:

A. perfectly competitive industries

B. monopoly-like situations

3. Thiel argues that companies tell “lies” about themselves. Which of the following is an example of that “lie?”

Hint: only one of these choices is a lie

A. Companies in highly competitive markets argue