Sun Energy is the first hydro-based energy plant in Australia, and it has captured a large portion of the market. It has created a strong brand name that everyone associates with energy efficiency and cost savings. In this market, Sun Energy is demonstrating

First mover advantage

Explanation:

First mover advantage is a marketing term which means the advantage a firm gains because it is the first major occupant of a particular product in the market. First-mover advantage can be gained through technological leadership and the early purchase of the resources required for the production of the good which therefore enables the firm gain competitive advantage over others.

Sun energy has captured a lot of the market because it's the first hydro based energy plant. This is an example of a first mover advantage.

which statement best describes why a government’s actions are important in macroeconomics? check all that apply.

1 government controls industry through policy.

2 government is both a consumer and a producer.

3 government can prevent changes and challenges.

4 government can use policy to influence the economy.

5 government can accurately predict economic trends.

1 , 2 & 4 for edgenu

according to this graph, how does supply behave in the long run?

a ]output remains constant.

b ]output increases.

c ]output cannot be predicted.

d ]output decreases.

the answer is a ]   for edgenu

industry had made the u.s. the richest nation in the world at this time. the second industrial revolution caused growth in industry and transportation, which allowed increased trade between nations.