TRUE OR FALSE
True.
When it comes to network goods, being one of the first companies in a market can provide significant advantages. Network goods are products or services that have value that increases as more people use them. A well-known example of a network good is the telephone, where having more people with telephones increases the value of having one to each individual. In the early stages of a network good market, the first companies to enter the market can often establish themselves as market leaders, as they are able to gain a large customer base early on. This can make it difficult for later entrants to compete, as the network effects of the early leader's customer base can create a significant barrier to entry.
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