Which of the Following Is a Competitive Benefit Experienced by the First

question 85

Multiple Choice

Which of the following is a competitive benefit experienced by the first mover firm in an industry?

• A) The first mover will be able to achieve a less steeper learning curve.
• B) The first mover will be able to reduce the switching costs.
• C) The first mover will not have to patent its products or technology.
• D) The first mover will be able to reduce costs through economies of scale.

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Definitions:

Indian Reservations

Designated areas of land managed by Native American tribes under the U.S. Bureau of Indian Affairs, intended to maintain and preserve their cultures and ways of life.

Population Growth

The increase in the number of individuals in a population, often measured by birth rate minus death rate plus net migration.

Gilded Age

A period in late 19th century America characterized by rapid economic growth, technological innovation, and ostentatious wealth, alongside widespread social inequalities.