Answers are grounded in this paper and cite their sources.
B. Curtis Eaton, Richard G. Lipsey, The Theory of Market Pre-emption: The Persistence of Excess Capacity and Monopoly in Growing Spatial Markets, Economica, New Series, Vol. 46, No. 182 (May, 1979), pp. 149-158
No takes yet. Share an insight, caveat, or question.
Eaton et al. (1979) studied this question.
Synapse has enriched 5 related papers. Consider them for comparative context: