Nancy lerner is trying to decide how to allocate her time in studying for her economics course. there are two examinations in this course. her overall score for the course will be the minimum of her scores on the two examinations. she has decided to devote a total of 1,200 minutes to studying for these two exams, and she wants to get as high an overall score as possible.

Why is it easier for new entrants to get involved in radical innovations when compared to incumbent firms? a. unlike incumbent firms, new entrants do not have to face the high entry barriers, initially. b. new entrants are embedded in an innovation ecosystem, while incumbent firms are not. c. unlike incumbent firms, new entrants do not have formal organizational structures and processes. d. incumbent firms do not have the advantages of network effects that new entrants have.