Which of the Following Is a First-Mover Advantage for a Technology

question 63

Multiple Choice

Which of the following is a first-mover advantage for a technology innovator?

• A)Being able to charge a premium price
• B)Letting someone else work out all the bugs
• C)Having an infrastructure ready to support the technology
• D)Being able to take advantage of complementary products
• E)Having a ready-made customer base

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Definitions:

Tax Receipts

The revenue collected by the government through various forms of taxation.

Government Expenditures

Financial spending by the government on goods, services, and public projects, including healthcare, education, and infrastructure.

Built-In Stability

refers to automatic fiscal policies and regulations that stabilize economic fluctuations without additional government intervention.

Real GDP

The measure of a country's economic output adjusted for price changes and inflation.