In which situation would a first mover benefit most?
A) industries in which products and services are inexpensive and infrequently purchased
B) industries in which products require distributors to hold small stocks and few additional parts
C) in industries where network externalities exist
D) in industries were patents are ineffective

Question

Quizplus · Accepted Answer

First movers benefit most in industries where network externalities exist because the value of their product or service increases as more people use it, creating a strong competitive advantage and customer lock-in.

In Which Situation Would a First Mover Benefit Most