Which of the following are costs that an early entrant has to bear,that a later entrant can avoid?

Question

Quizplus · Accepted Answer

Pioneering costs are the costs incurred by the first mover in developing and establishing a new market or new product. Later entrants can avoid these costs by leveraging the knowledge and experience gained by the first mover. Experimental costs, untried costs, and introductory costs may also be incurred by later entrants, depending on their specific strategies and actions.

Which of the Following Are Costs That an Early Entrant