When the knowledge of a valuable and rare resource diffuses throughout an industry, the:
A) firms in the industry will be better positioned to achieve competitive parity.
B) ability to sustain a competitive advantage will be restricted to one firm.
C) mobility and homogeneity of the resource will decrease.
D) structure of the industry will no longer be perfectly competitive.

Question

Quizplus · Accepted Answer

When the knowledge of a valuable and rare resource diffuses throughout an industry, the firms in the industry will be better positioned to achieve competitive parity.

When the Knowledge of a Valuable and Rare Resource Diffuses