
All of the following are assumptions of the industrial organization (I/O) model EXCEPT
A) organizational decision makers are rational and committed to acting in the firm's best interests.
B) resources to implement strategies are firm-specific and attached to firms over the long-term.
C) the external environment is assumed to impose pressures and constraints that determine the strategies that result in above-average returns.
D) firms in given industries, or given industry segments, are assumed to control similar strategically relevant resources.
Correct Answer:
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