Early adopters of new technologies tend to be more profitable than firms that are late in adopting the new technologies.

Question

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Early adopters are able to gain a competitive advantage by being the first to offer innovative products or services, which can lead to increased market share and higher profits. Late adopters may struggle to keep up with competitors and may miss out on opportunities to capture a larger share of the market.

Early Adopters of New Technologies Tend to Be More Profitable