A first-mover advantage is the opportunity to free ride on first-mover investments.

Question

Quizplus · Accepted Answer

A first-mover advantage refers to the advantage a company gains by being the first to enter a market or introduce a new product. It does not involve free riding on first-mover investments, as this would imply that a company is benefiting from someone else's investments without having made any of their own. A first-mover advantage refers to the advantage a company gains by being the first to enter a new market or introduce a new product. It does not involve free riding on other company's investments.

A First-Mover Advantage Is the Opportunity to Free Ride on First-Mover