With regard to first-mover advantages and international trade,a study by Harvard business historian Alfred Chandler suggests the existence of first-mover advantages is an important factor in explaining:
A) the dominance of firms from certain nations in specific industries.
B) the economic hardships faced by former colonies of the West.
C) the superiority enjoyed by developing countries like India and China in producing goods that require highly-skilled labor.
D) the decline of United States' share in world output.
Correct Answer:
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