It is always in the best interest of the market pioneer for competitors to stay out of the market.

Question

Quizplus · Accepted Answer

While it may seem initially advantageous for a market pioneer to have no competitors, in the long run, competition can lead to innovation, increased demand, and potentially larger profits for all companies involved. Additionally, without competition, the market pioneer may become complacent and fail to continue improving their product or service. Competition can ultimately be beneficial for the market and the consumers.

It Is Always in the Best Interest of the Market