Which of the Following Scenarios Describes the Benefits of Being

Multiple Choice

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.