Which of the following advantages is most likely to be enjoyed by a co

QUESTION

Which of the following advantages is most likely to be enjoyed by a company as a part of the first-mover advantages?

A. Increasing returns to specialization

B. A positive-sum game due to lack of competition

C. The ability to capture scale economies ahead of later entrants

D. Absolute advantage and higher efficiency

E. The ability to specialize in the production of a particular product

ANSWER

C