When taking an action to gain first mover advantage in a market,

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    it is crucial that the firm make a credible commitment to a strategy, which constrains its future behavior.
     it is crucial that the first mover cooperate with rival firms to minimize competitive behavior maximize the expected payoff.
     it is crucial that the firm act quickly, before rivals have a chance to act.
     All of the above.
asked Jun 2, 2013 in Economics by anonymous
    

1 Answer

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it is crucial that the firm make a credible commitment to a strategy, which constrains its future behavior.
answered Jun 3, 2013 by Xyz ~Expert~ (3,650 points)



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