Which of the elements explains how the winner takes most of the market share?
A) Technology provides the company a way to recap its initial cost to produce a product, because as production increases, the cost of producing each additional unit increases.
B) Economies of scale create winner-take-most market situations.
C) Creating the industry standard and being the first-mover are important market strategies that go hand in hand to dominate a market.
D) Being the first to develop the standard creates a first-mover advantage to become the strong winner-take-most of the market share leader.
E) Businesses like Amazon. com, e-Bay, and Intel all have first-mover advantage.
Correct Answer:
Verified
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