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In: Economics

Can you give an example of a firm that benefited from being a “first mover” in their industry?

 

1. Can you give an example of a firm that benefited from being a “first mover” in their industry? ... (Briefly explain)

2. How about an example of a firm that was a "late-mover" (or perhaps even better, a "fast-follower"?) ... (Briefly explain)  

3. What is an example of a product or industry in the growth stage of its life cycle? How long do you think the growth stage will last?

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Expert Solution

Rahul Sunny answered 2 years ago
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