The experience curve and / or economies of scale have implications for business:
A)A firm must grow its market share to lower costs.
B)A firm can gain market share with a lower price.
C)If a firm can be first to market and maintain dominant market share, it will benefit from a cost advantage compared to its rivals
D)A firm must price on the basis of current costs.

Question

Quizplus · Accepted Answer

If a firm can be first to market and maintain dominant market share, it will benefit from a cost advantage compared to its rivals

The Experience Curve and / or Economies of Scale Have