Which of the following observations concerning Knickerbocker's theory is true? Question 4 options: Economists favor this theory as an explanation for FDI compared to the internalization theory It does not explain imitative FDI behavior by firms in oligopolistic industries It addresses the issue of whether FDI is more efficient than exporting or licensing for expanding abroad It does not explain why the first firm in an oligopoly decides to undertake FDI rather than to export or license