The chicken-or-egg problem was an example of a(n) Multiple Choice first-mover disadvantage. economy of scale. economy of scope. first mover advantage. threat of new entrants.

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07-03-2021
Business

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The chicken-or-egg problem was an example of a(n) Multiple Choice first-mover disadvantage. economy of scale. economy of scope. first mover advantage. threat of new entrants.

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Munali Munali · Answer 1 · 2021-03-12T04:32:38-05:00

Munali Munali

12-03-2021

Answer:

threat of new entrant.

Explanation:

Chicken or egg problem in economics is referred to as attraction to buyers. This is strategy for market setup or entry in the new market which will increase the competition. Sellers try to drive attraction to its customers with new and unique features of the products.

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