Discuss three characteristics of firm that allow it to enjoy, Macroeconomics

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Discuss three characteristics of firm that allow it to enjoy

Problem

We have seen the increased profits a first mover may earn with both sequential game depictions and with the Stackelberg limited competition model. Briefly discuss two or three characteristics of a firm that might allow it to enjoy this first mover advantage.

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Macroeconomics: Discuss three characteristics of firm that allow it to enjoy

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Macroeconomics: Discuss three characteristics of firm that allow it to enjoy

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