Which of the following is a first-mover advantage for a technology innovator?

a. being able to charge a premium price
b. letting someone else work out all the bugs
c. having a ready-made customer base
d. being able to take advantage of complementary products
e. having an infrastructure ready to support the technology

a. Being able to charge a premium price

Explanation:

First mover advantage is when a firm is able to capitalize by introducing a new product in an untapped market. This means that the firm has no direct competitors and there are no substitute products that can take a share of market away from the company. These products usually command a price skimming strategy and are able to charge high premium prices, consider the example of folding smartphones as galaxy fold is priced at a high premium.

All the other options are advantages for moving second.

Hope that helps.

there are so many examples for that in different areas, like biology experiment carried out in our lab recently.

here's one link :

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you will have $9321.91 in 20 years if you set aside $2000 at 8%

you will have $1469.32 in 5 years if you set aside $1000 at 8%

you will have $1296.87 in 10 years if you set aside $500 at 10%

you will have $239.66 in 15 years if you set aside $100 at 6%

you will have $4660.96 in 20 years if you set aside $1000 at 8%