What is an advantage that is realized by a company as a part of first-mover advantages?
A) increasing returns to specialization
B) positive-sum game due to lack of competition
C) ability to capture scale economies ahead of later entrants
D) absolute advantage and higher efficiency
E) ability to specialize in the production of a particular product

Question

Quizplus · Accepted Answer

First-mover advantage allows a company to capture scale economies ahead of later entrants, giving them a cost advantage and potentially establishing a strong market position.

What Is an Advantage That Is Realized by a Company