X Quantity Stage I Stage Il Stage Ill Stage IV Stage V Consumption \\ Innovating Exports Production country Production Imitating Exports Consumption country Imports Time O The graph above presents a product cycle model. Using an example describe events in Stage III. At which stage imitation begins? At which stage does the innovating country become a net importer of the product? Provide adequate explanation of your answer. Edit Format Table 12pt Paragraph BIUALTY