Is first mover advantage a must


Problem:

Is First Mover Advantage a must? Is it an advantage to an MNC? And if so, how do you explain Apple's success (a company which did not invent anything but simply adapted existing products)? Are they an exception or an example of how an MNC should succeed?

Lastly, explain Absolute and Comparative Advantage relative to your country and one of its key products or industry.

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