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

question 93

Multiple Choice

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.

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Definitions:

Investor-Owners

Individuals or entities that own investment assets, potentially including stocks, bonds, or real estate, aiming to earn a return on their investments.

Limited Liability Company

A business structure that combines the liability protection of a corporation with the tax benefits of a partnership.

Tax Advantages

Tax advantages are financial benefits that reduce the amount of tax owed by individuals or businesses, often through deductions, exemptions, or credits.

Liability Advantages

pertains to the benefits or favorable conditions arising from the structuring of legal entities or arrangements to minimize legal responsibility or financial risk.