Costs that an early entrant has to bear that a later entrant can avoid are known as
A) first-mover costs.
B) late-mover disadvantages.
C) pioneering costs.
D) licensing fees.

Name: Costs that an early entrant has to bear that a later entrant can avoid are known as A) first-mover costs. B) late-mover disadvantages. C) pioneering costs. D) licensing fees.
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Question

Quizplus · Accepted Answer

Pioneering costs are costs that an early entrant has to bear that a later entrant can avoid.

Costs That an Early Entrant Has to Bear That a Later