A first-mover advantage is the:
A)strategic gain from an anticipatory action that can force a rival to respond less aggressively.
B)reduced costs that are associated with being the first to produce a product.
C)disincentive imposed on other players when a player takes action.
D)profits that go to the player who gets a patent on a product.

Question

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A first-mover advantage is the strategic gain that comes from being the first to take action in a market. This can give a competitor a head start and force rivals to respond in a less aggressive way, potentially leading to lasting advantages. Reduced costs (B) and patents (D) can be potential outcomes of a first-mover advantage, but they are not the primary factor. The disincentive effect (C) is related to the advantage, but it is not the advantage itself.

A First-Mover Advantage Is The