Explanation of first mover advantage

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Inferiority Of Competing Products

Consider this situation: Joseph had an idea that he could speed up a floor buffing machine by putting a different motor on it. After about 25 tries he was able to make a buffer run much faster with a new motor and started his own company. Other companies began making competing products. Why have competitors not been able to catch up with him?

Reference no: EM1323602

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