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Homework answers / question archive / In duopoly models discussed in class, one business could gain a "first mover" advantage over new potential entrants into the industry by _____

In duopoly models discussed in class, one business could gain a "first mover" advantage over new potential entrants into the industry by _____

Marketing

In duopoly models discussed in class, one business could gain a "first mover" advantage over new potential entrants into the industry by _____.

a. charging a low price

b. hiring a lot of workers before the new entrant could get them

c. building excess capacity so that it would be cheap to expand output, should the potential entrant decide to enter the market

d. adapting the latest technology

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