As the inventor of hypertension medication, OneSure Pharmaceuticals (OSP) Inc. was able to reap the benefits of economies of scale due to a large consumer demand for the drug. Even when competitors later developed similar drugs after the expiry of OSP's patents, regular users did not want to switch because they were concerned about possible side effects. Which of the following benefits does this scenario best illustrate?
A) first-mover advantages
B) social benefits
C) network externalities
D) fringe benefits
Correct Answer:
Verified
Q24: CordKing Electronics has entered a stage in
Q25: A new product often has a high
Q26: The leading producer of cell phone backup
Q27: Assume that the market for print book
Q28: Lillypad Toys is a manufacturer of educational
Q30: Which of the following statements accurately brings
Q31: Edna Gomez is the founder of the
Q32: In the context of industrial growth, which
Q33: Which of the following scenarios would be
Q34: In which of the following stages of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents