A First-Mover Advantage Comes from Being First to Exploit a Niche

question 95

True/False

A first-mover advantage comes from being first to exploit a niche or enter a market.

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Definitions:

Dual Federalism

The political arrangement in which state governments and the federal government exercise exclusive and separate powers, as opposed to sharing authority or collaborating on decisions.

Cooperative Federalism

A concept of federalism wherein national, state, and local governments work together to solve problems and create policies.

Federal System

A form of government in which power is divided between a central authority and several regional or state governments.

Unitary Systems

A form of government where a single central authority has the ultimate power, with any administrative divisions (if they exist) subservient to it.