Suppose a firm is operating in a mature industry with just a few competitors remaining and the exit barriers for the remaining firms in the industry are high. The industry leader is most likely to:

Group of answer choices

1. Issue multiple patents for each innovation

2. Pursue process innovations

3. Pursue product innovation

4. None of the above

Knowledge-intensive activities of the firm such as basic scientific research are more likely to conducted:

Group of answer choices

A. In remote areas to protect differentiation strategies

B. In dense labor markets with labor pooling

C. Proximate to universities and government labs

D. Proximate to suppliers of standardized goods

E. A and D only

F. B and C only