Question: First - mover advantages are most likely to arise when Multiple Choice there are no fast - followers or late entrants present to counter a

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