Question: 4 . The _ _ _ _ _ problem exists when rivals watch a pioneer s efforts, learn from their successes and missteps, and then

4. The _____ problem exists when rivals watch a pioneers efforts, learn from their successes and missteps, and then enter the market quickly with a comparable or superior product at a lower cost.
a. late entrant
b. early starter
c. first mover
d. intellectual property
e. fast follower

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