You write one MBI July 136 call contract (equaling 100 shares) for a premium of $11. You hold the option until the expiration date, when MBI stock sells for $144 per share. You will realize a on the investment. Multiple Choice $800 loss $1,900 loss $800 profit $300 profit

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.