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A certain shop repairs both audio and video components. Let A denote the event that the next component brought in for repair is an audio component, and let B be the event that the next component is a compact disc player (so the event B is contained in A ). Suppose that P ( A ) = 0.9 and P ( B ) = 0.07 . What is P ( B A ) ? (Round your answer to four decimal places.) .

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A firm makes prior investments over time in resources that compliment a given resource, creating a competitive advantage. Which of the following best describes the imitibility of that resource? Easy to imitate because of perfectly rational decision making. Easy to imitate because of diseconomies of scale. Difficult to imitate because the sources of advantage are fairly well understood by competitors. Difficult to imitate because there is a path dependent relationship underlying the advantage. .

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