Which of the following is an advantage of being a later entrant into a market?
A) Firms can capture scarce resources.
B) Firms do not have to invest in exploratory research.
C) Firms have to develop their own supply and distribution channels.
D) Firms are unaffected by switching costs.

Question

Quizplus · Accepted Answer

Later entrants can benefit from the research conducted by earlier entrants and do not have to invest as much in exploratory research themselves.

Which of the Following Is an Advantage of Being a Later