Moving first plays a significant role in markets influenced by network effects.

Name: Moving first plays a significant role in markets influenced by network effects.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

In markets influenced by network effects, moving first can be advantageous because the first mover can quickly gain a large user base, making it more attractive for new users to join due to the value added by having many participants (e.g., social networks, online marketplaces). This can create a barrier to entry for competitors.

Moving First Plays a Significant Role in Markets Influenced by Network