The perfectly competitive industry structure differs from the resource-based model in its view that
A) all firms have access to the same resources.
B) accessibility to bundles of resources differ across firms.
C) resources tend to be "sticky."
D) competencies differ across firms working in the same industry.

Question

Quizplus · Accepted Answer

The critical assumptions of the resource-based model of a firm are fundamentally different from the way in which a firm is viewed in the perfectly competitive industry structure. In perfect competition, all firms have access to the same resources and capabilities, ensuring that any advantage that one firm has will be short-lived.

The Perfectly Competitive Industry Structure Differs from the Resource-Based Model