The following table shows values of annual real GDP per capita over time. Use it to answer the next question. 1810 $1,500
1860 $2,100
1910 $3,900
1960 $18,000
2010 $43,600

Between which years was the rate of growth in real GDP per capita the lowest?

a. 1910 to 1960
b. 1860 to 1910
c. 1810 to 1860
d. 1960 to 2010

Which of the following is a competitive benefit experienced by the first mover firm in an industry? a. the first mover will be able to achieve a less steep learning curve. b. the first mover will be able to reduce the switching costs. c. the first mover will not have to patent its products or technology. d. the first mover will be able to reduce costs through economies of scale.