Question: First - mover - advantages are most likely to arise when Multiple Choice the costs of pioneering are high relative to the benefits accrued. a

First-mover-advantages are most likely to arise when
Multiple Choice
the costs of pioneering are high relative to the benefits accrued.
a first-mover's customers face low switching costs.
there are no fast-followers or late entrants present to counter a pioneering move.
the first-mover can meet established industry technical standards:
property rights protections thwart rapid imitation of the initial move.
First-mover-advantages are most likely to arise when Multiple Choice the costs

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