Which of the following scenarios describes the benefits of being a first-mover in the market?
A) A firm that has developed a watch that requires a microchip which is still in its nascent stage.
B) An automobile manufacturer that must undertake the task of developing radiator caps for the engines of its cars.
C) A maker of breakfast cereals whose customers are unaffected by switching costs.
D) A radio station that is given authority over large portion of radio spectrum.

Question

Quizplus · Accepted Answer

Being a first-mover in the market can provide advantages such as control over resources or technology, as seen with the radio station having authority over a large portion of the radio spectrum.

Which of the Following Scenarios Describes the Benefits of Being