Which of the following is a difference between first movers and late movers?
A. First movers take advantage of the inflexibility of late movers, whereas late movers may be locked into a given set of fixed assets.
B. First movers face greater technological and market uncertainties, whereas late movers take advantage of the solutions of the first movers.
C. First movers may be able to free ride on the huge pioneering investments of late movers, whereas late movers have to make preemptive investments.
D. First movers attract more late entrants, whereas late movers erect entry barriers for further entrants.
Answer: B
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