Multiple Choice
Which of the following creates a barrier to subsequent entries in an industry dominated by first movers?
A) laissez-faire stance toward trade adopted by first movers
B) iImplementation of policies to maximize imports and minimize exports
C) specializing in the production of goods for which firms have a comparative advantage
D) ability of first movers to benefit from increasing returns
E) decrease in the variety of goods available to consumers and increase in the cost of existing goods
Correct Answer:

Verified
Correct Answer:
Verified
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