First-mover disadvantages (or late-mover advantage)arise when

Question

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All of the options listed can be examples of first-mover disadvantages or late-mover advantages. Option A highlights the high costs of being a pioneer, while Option B shows how late-movers can take advantage of a rapidly evolving market. Option C explains how followers can outdo a pioneer’s primitive products, and Option D shows skepticism about a new technology, which can lead to the first-mover disadvantage as the market may not be ready for it. Therefore, all of these options can lead to a first-mover disadvantage or a late-mover advantage.

First-Mover Disadvantages (Or Late-Mover Advantage)arise When