Which of the following is a first-mover advantage?

Updated on August 6, 2022

Which of the following is a first-mover advantage? Multiple Choice O International firms may gain experience in that country

Answer

First mover’s advantage refers to the situation where a company
enters a new market or gets a new product. Because of this novelty,
they are able to charge very high prices and face very less
competition. The third option is fitting this description, so that
is the correct option.