What are the two principal potential benefits of being a late mover?

Question

Quizplus · Accepted Answer

Learning and free-riding are two potential benefits of being a late mover. Learning refers to the ability of late movers to observe and learn from the mistakes and successes of early movers, allowing them to avoid costly errors and adopt more effective strategies. Free-riding refers to the ability of late movers to benefit from the investments and innovations made by early movers without having to bear the same costs.

What Are the Two Principal Potential Benefits of Being a Late