Being the First to Sell a Particular Good Can Give

question 14

Multiple Choice

Being the first to sell a particular good can give a firm advantages over other firms that sell similar products.What is the name given to these advantages?

• A)First-mover
• B)First come, first served
• C)Follow the leader
• D)First to market

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Definitions:

Genetic Variation

The diversity of gene frequencies within a population, which drives evolution by enabling adaptation to changing environments.

Heritability

The proportion of observed variation in a particular trait, within a population, that can be attributed to inherited genetic factors as opposed to environmental influences.

Genome Wide Association

A study approach that involves rapidly scanning markers across complete sets of DNA, or genomes, of many people to find genetic variations associated with a particular disease.

Quantitative Trait Locus

A Quantitative Trait Locus (QTL) is a region of DNA that is associated with a particular phenotypic trait, which varies in degree and can be attributed to polygenic effects.