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1. Write down 3 advantages and 3 disadvantages of being first in the market. 2. What factors might make some industries harder to pioneer than

1. Write down 3 advantages and 3 disadvantages of being first in the market.

2. What factors might make some industries harder to pioneer than others? List 4 factors, and discuss why you chose each of them.

3. Are there industries in which there is no penalty for late entry? Discuss with an example.

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