Airbus Pioneered the Development of the New Superjumbo Jet at a Cost

Multiple Choice

Airbus pioneered the development of the new superjumbo jet at a cost of $15 billion. It quickly obtained contracts for much of the 400 units that are expected to be ordered in the next 20 years, thereby effectively shutting out its competitor, Boeing. Airbus benefits from

A) first-mover advantages.
B) comparative advantages.
C) absolute advantages.
D) economies of scale.
E) factor endowments.