Late movers are those firms that
A) wait to act for a long period of time after the second movers have responded.
B) respond to a first mover's competitive action often through imitation or a move designed to counter the effects of the action.
C) take an initial competitive action (either strategic or tactical).
D) typically achieve higher-than-average returns because they can imitate the most efficient actor.

Question

Quizplus · Accepted Answer

Late movers are firms that delay their response to competitive actions, acting after both first and second movers.

Late Movers Are Those Firms That