The greater the extent to which a firm's assumptions and hypotheses accurately describe how the competition in the industry is likely to evolve, and how that evolution can be exploited to earn a profit, the more likely it is that a firm will gain a competitive advantage from implementing its strategies:

true

Explanation:

Based on the information provided within the question it can be said that the statement that is being made is completely true. This is because the more accurate that the assumptions the more advantage that they will have due to them being able to plan accordingly before the industry actually evolves and their plans will also work.

its simple as this, microeconomics is the study of economics at an individual, group or company level, macroeconomics on the other hand, is the study of a national economy as a whole.

hope it =^-^=