Question: Three-part question for 20 points: (a) Explain the term first mover and (b) list some of the advantages and disadvantages of being a first mover.

Three-part question for 20 points: (a) Explain the term "first mover" and (b) list some of the advantages and disadvantages of being a first mover. (c) Give an example of a firm that has been successful as a first mover and explain how it has overcome the challenges of being a first mover.

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