What Is an Advantage That Is Realized by a Company

question 91

Multiple Choice

What is an advantage that is realized by a company as a part of first-mover advantages?

• A) increasing returns to specialization
• B) positive-sum game due to lack of competition
• C) ability to capture scale economies ahead of later entrants
• D) absolute advantage and higher efficiency
• E) ability to specialize in the production of a particular product

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Definitions:

Food-deprived Rats

A condition used in experiments where rats are not given food for a period of time to study the effects of hunger on behavior and physiology.

Lever

A simple mechanical device consisting of a rigid bar that pivots on a fixed point, used to apply force and move an object at one end by applying force to the other.

Fixed-interval

In the context of psychology, it refers to a schedule of reinforcement where the first response is rewarded only after a specified amount of time has elapsed.

Reinforcement Schedule

A pattern that defines how often a desired response will be reinforced, crucial in the process of behavioral conditioning.