1. Network Effects pertain to a specific form of First Mover Advantages such as capturing customers, acquiring desirable locations, obtain patents among others. True/ False
2. The Company Diamond tool is one technique used to assess a firm's competitive advantage. True/False
3. When previous investments enable subsequent advancements or when resources follow a sequential development path that is known as:

-Rarity

-Tacit Knowledge

-Path Dependence

-Casual Ambiguity

4.Economies of Scale occurs when a company has specialized equipment or resources and are able to spread their fixed costs over ahigher volume of output. Thre/ False

5.Having a product similar to a competitor's, just the mere fact that your product is viewed as having higher quality is a differentiator. True/False