For ventures that get to market first or create intellectual property rights, it is common to price new products or services at high markups or profit margins.

Question

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This is a common practice known as "first mover advantage" or "monopolistic pricing." By establishing a market presence or holding exclusive rights to an innovative technology, companies can charge higher prices as consumers have limited alternative options. However, over time, competitors may enter the market and erode these advantages, leading to market competition and potentially lower prices.

For Ventures That Get to Market First or Create Intellectual