Strategic trade theory asserts that many high-tech industries are characterized by oligopolistic competition that often has a first-mover advantage.

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Strategic trade theory argues that in industries with high levels of research and development and technological advancement, firms may achieve a first-mover advantage that allows them to establish dominance and capture a larger share of the market. This can lead to monopolistic or oligopolistic competition, where a few powerful players dominate the industry.

Strategic Trade Theory Asserts That Many High-Tech Industries Are Characterized