Being a first mover in a market is advantageous for a firm because:
A) it may have an opportunity to free ride on late-mover investments.
B) it may gain advantage through proprietary technology.
C) it would attract more firms to join their business network.
D) it would face minimal technological and market uncertainties.

Question

Quizplus · Accepted Answer

Being a first mover can allow a firm to gain a competitive advantage through proprietary technology, as they can establish their technology as the standard and potentially secure patents or other intellectual property rights.

Being a First Mover in a Market Is Advantageous for a Firm