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. Explain the concepts of first movers and second movers. Why is it important to be a first mover? What are the conditions under which

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. Explain the concepts of first movers and second movers. Why is it important to be a first mover? What are the conditions under which it is more advantageous to be a first/second mover? . Explain the five defensive strategies. Provide examples (Do not use the examples in the textbook)

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