, Starbucks?,, Starbucks?,, Starbucks?, and eBay? are all examples of firms with ?first-mover? advantage. Explain what is meant by ?first-mover? advantage and how each of these firms was able to control a relatively large share of their respective markets. Would you consider any of these firms to be dominant in that they set the market price and other firms act as perfectly competitive firms using this market price?

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