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Economics:

10th Edition
BOYES + 1 other
Publisher: Cengage Learning
ISBN: 9781285859460

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BuyFindarrow_forward

Economics:

10th Edition
BOYES + 1 other
Publisher: Cengage Learning
ISBN: 9781285859460
Chapter 27, Problem 13E
Textbook Problem
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Amazon.com was the first mover in online book sales. It patented the one-dick purchasing system Barnes & Noble was a later entrant with bn.com. Is this a battle with a winner-takes-all outcome? Why or why not?

To determine

To explain:

The patent by first mover Company A and entry of B & N is the winner-takes-all.

Explanation of Solution

This battle is a winner-take-all because Company A had created a barrier to entry, and it will enjoy first-mover advantage or economies of scale. A winner-take-all market does not reflect that there is only a single firm or company in the market...

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