Which of the following statements is true of a firm with a long development cycle time? multiple choice a) it can take advantage of both first-mover and second-mover advantages. b) it is more likely to have a high cost of capital. c) it can quickly revise or upgrade its product offering. d) it is more likely to be able to fully amortize the fixed costs of development before that generation becomes obsolete.
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$385,544,590