If a resource is rare or unique to a particular firm,then
A) the industry in which the firm operates will experience perfect competition.
B) the mobility of the resource will be high.
C) the firm will be able to maintain a competitive advantage for a long period.
D) it will be less costly for rivals to imitate the resource.

Question

Quizplus · Accepted Answer

If a resource is rare or unique to a particular firm, then the firm will be able to maintain a competitive advantage for a long period. A firm is on the path to competitive advantage only if it possesses a valuable resource that is also rare.

If a Resource Is Rare or Unique to a Particular