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Business, 19.10.2021 06:30 davidb1113

Late movers are those firms that: a. respond to a first mover's competitive action often through imitation or a move designed to counter the effects of the action. b. take an initial competitive action (either strategic or tactical). c. respond to a competitive action a significant amount of time after the first mover's action and the second mover's response. d. typically achieve higher-than-average returns because they can imitate the most efficient actor.

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