In an industry characterized by increasing returns to adoption,there can be powerful advantages to being an early provider.

Question

Quizplus · Accepted Answer

Increasing returns to adoption refer to a situation in which the value of a product or service increases as more people adopt it. Therefore, being an early provider can give a competitive advantage as there will be more opportunity to capture market share before competitors enter, and there is potential for network effects to kick in.

In an Industry Characterized by Increasing Returns to Adoption,there Can