What problem do late developers confront with economies of scale?
A)They produce on a small scale at a higher cost
B)They are unable to produce a large amount of their goods
C)First movers are able to undermine these new businesses
D)The laws and policies set by the first movers hinder late developers

Question

Quizplus · Accepted Answer

Late developers often face the challenge of producing on a smaller scale, which typically results in higher costs per unit compared to established firms that benefit from economies of scale.

What Problem Do Late Developers Confront with Economies of Scale