Which of the following statements about first movers is false?
A) The first firm into an area is typically referred to as a first mover.
B) Being a first mover is the only preferable position in all situations.
C) A first mover is able to develop an understanding of a market before any other firm.
D) A first mover may need to educate consumers about the product extensively, and this cost is high.
Correct Answer:
Verified
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