Question: 1. Why might a first mover fail to develop/maintain a competitive advantage in a rapidly changing industry? (Mention market maker's burden and entrepreneurial risk) 2.

1. Why might a first mover fail to develop/maintain a competitive advantage in a rapidly changing industry? (Mention market maker's burden and entrepreneurial risk)

2. Characterise the difference between an overcapacity acquisition and a product/market extension acquisition.

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