Moving quickly up the experience or learning curve creates a significant absolute cost advantage for a second-mover firm pursuing a first-mover firm in an emerging market.

Question

Quizplus · Accepted Answer

Moving quickly up the experience or learning curve typically creates a significant absolute cost advantage for the first-mover firm, not the second-mover, as the first-mover can more rapidly accumulate experience and reduce costs, making it harder for later entrants to compete.

Moving Quickly Up the Experience or Learning Curve Creates a Significant